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.

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Czech Republic Producer Prices Change

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -0.80 77.40 -5.40 1991 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-03-16 08:00 AM Feb 1.4% 2.4% 2% 2.2%
2020-04-21 07:00 AM Mar 0.4% 1.4% 1.1%
2020-05-20 07:00 AM Apr -0.8% 0.4% -1.1% -0.6%
2020-06-16 07:00 AM May -0.9% -0.8% -1.7% -1.4%
2020-07-17 07:00 AM Jun -0.9% 0.3%
2020-08-17 07:00 AM Jul
2020-09-16 07:00 AM Aug
2020-10-16 07:00 AM Sep 0.7%


News Stream
Czech Producer Prices Fall the Most Since 2016
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.
2020-06-16
Czech Producer Prices Fall for First Time since 2018
Czech producer prices decreased 0.8 percent year-on-year in April of 2020, following a 0.4 percent increase in the previous month and compared with market expectations of a 1.1 percent fall. It was the first drop in producer prices since February of 2018, amid lower prices of mining & quarrying (-3.7 percent vs -2.6 percent in March) and manufactured products (-2.5 percent vs -1.2 percent). In contrast, cost advanced faster for electricity, gas, steam & air conditioning (8.6 percent vs 8.3 percent) while inflation was steady for water supply (at 5.4 percent). On a monthly basis, producer prices went down 0.5 percent, the same pace as in the previous month and compared with market consensus of a 0.8 percent fall.
2020-05-20
Czech Producer Inflation Slows to Near 2-Year Low
Czech producer prices increased 0.4 percent year-on-year in March 2020, easing from a 1.4 percent gain in the previous month. It was the lowest producer inflation rate since April 2018, as cost of electricity, gas, steam & air conditioning slowed (8.3 percent from 9 percent in February). Also, prices dropped further for manufacturing products (-1.2 percent from -0.1 percent) and mining (-2.6 percent from -1.8 percent). Meanwhile, inflation was steady for water supply (at 5.4 percent). On a monthly basis, producer prices declined 0.5 percent, after a 0.7 percent fall in the prior month.
2020-04-21
Czech Producer Inflation Slows to 1.4% in February
Czech producer prices rose 1.4 percent year-on-year in February 2020, after increasing 2.4 percent in the previous month and below market expectations of a 2 percent gain. Cost of electricity, gas, steam & air conditioning slowed (9 percent from 9.3 percent in January); and manufacturing prices dropped (-0.1 percent from 1.2 percent). Meanwhile, cost of mining products fell less (-1.8 percent from -2.1 percent); and inflation was steady for water supply (at 5.4 percent). On a monthly basis, producer prices went down 0.7 percent, following a 1.3 percent rise and below forecasts of a 0.1 percent decline.
2020-03-16

Czech Republic Producer Prices Change
Producer prices change refers to year over year change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period.