Czech producer prices fell 0.9 percent from a year earlier in May 2020, their steepest decrease since November 2016 and compared with market expectations of a 1.7 percent slump. Manufactured products cost dropped 2.6 percent (vs -2.5 percent in April) on basic metals and fabricated metal products (-0.8 percent vs 2.0 percent) and a slowdown in food, beverages and tobacco inflation (2.7 percent vs 4.5 percent). At the same time, inflation accelerated for machinery and equipment (2.9 percent vs 2.3 percent) and transport equipment (4.2 percent vs 2.9 percent). Meanwhile, mining and quarrying prices continued to fall (-3.1 percent vs -3.7 percent) while prices rose for utilities (8.0 percent vs 8.6 percent) and water supply (6.4 percent vs 5.4 percent). On a monthly basis, producer prices rose 0.4 percent in May, beating market consensus of a 0.3 percent decline.
Producer Prices Change in Czech Republic averaged 5.02 percent from 1991 until 2020, reaching an all time high of 77.40 percent in May of 1991 and a record low of -5.40 percent in September of 2009. This page provides - Czech Republic Producer Prices Change - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Producer Prices Change in Czech Republic is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Czech Republic to stand at 1.70 in 12 months time. In the long-term, the Czech Republic Producer Prices Change is projected to trend around 2.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.