FX.co ★ Czech Producer Price Inflation Eases In May

The latest data from the Czech Statistical Office reveals that industrial producer prices in the Czech Republic saw an increase for the second consecutive month in May, albeit at a decelerated pace.

The industrial producer price index (PPI) reported a year-on-year rise of 1.0% in May, following a 1.4% increase observed in April.

Breaking down the main industrial groupings, energy goods experienced the most significant price surge, with a 5.0% increase compared to the previous year. Capital goods saw a 3.1% rise in prices. Conversely, prices for intermediate goods decreased by 3.5%.

When excluding energy costs, the industrial producer prices actually declined by 0.6% in May.

On a month-to-month comparison, producer prices dropped by 1.2% in May, countering a modest 0.2% increase recorded in April.