Producer prices in Czech Republic increased 3.8 percent year-on-year in May of 2019, easing from a 4.3 percent rise in the previous month and above market expectations of 3.5 percent. Cost slowed for manufacturing (2.9 percent from 3.5 percent in April), namely basic metals & fabricated metal products (1.1 percent from 2.4 percent) and transport equipment (0.5 percent from 1.2 percent); and mining & quarrying (7.5 percent from 8.4 percent). Meanwhile, inflation was steady for water supply, sewerage, waste management & remediation services (at 2.9 percent) and prices advanced further for electricity, gas, steam & air conditioning supply (8.6 percent from 8.2 percent). On a monthly basis, producer prices went up 0.5 percent, following a 0.7 percent gain in April. Producer Prices Change in Czech Republic averaged 5.15 percent from 1991 until 2019, 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.
Producer Prices Change in Czech Republic is expected to be 3.30 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 1.90 in 12 months time. In the long-term, the Czech Republic Producer Prices Change is projected to trend around 2.20 percent in 2020, according to our econometric models.