Producer prices in the Czech Republic climbed 5.1 percent year-on-year in May of 2021, following a 4.5 percent hike in the prior month and above market expectations of a 4.6 percent jump. It was the sharpest increase in producer prices since November of 2011, underpinned by prices in manufacturing (6.3 percent vs 5.6 percent in April). Upward pressure also came from charges in water supply, sewerage, waste management and remediation services (5.9 percent vs 6.9 percent); and mining & quarrying (0.3 percent vs 1.0 percent); and electricity, gas, steam and air conditioning (0.2 percent vs -0.1 percent). On a monthly basis, producer prices went up 0.9 percent, slightly quicker than the 0.8 percent increase in April and more than doubled market consensus of a 0.4 percent gain. source: Czech Statistical Office
Producer Prices Change in Czech Republic averaged 4.89 percent from 1991 until 2021, 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 June of 2021.
Producer Prices Change in Czech Republic is expected to be 4.70 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 5.10 in 12 months time. In the long-term, the Czech Republic Producer Prices Change is projected to trend around 4.80 percent in 2022 and 2.20 percent in 2023, according to our econometric models.