The Czech Republic's industrial producer price inflation accelerated less-than-expected in May to the highest level in nearly one-and-a-half years, figures from the Czech Statistical Office showed on Tuesday.
The industrial producer price index climbed 1.5% yearly in May, faster than the 1% renewed increase in April. Moreover, this was the quickest rise since December 2024. Economists had expected a price growth of 2.3%.
Among sectors, manufacturing prices grew at a faster pace of 3.6% versus 3.1% a month ago. Similarly, the annual price growth in mining and quarrying accelerated to 2.3% from 1.7%. Meanwhile, the annual decline in utility prices eased to 6% from 6.4%.
Among the main industrial groupings, energy prices rose by 2.5%, and those for intermediate goods rose by 3.5%. On the other hand, costs for non-durable consumer goods dropped 1.9%.
Monthly, producer prices edged down 0.1% versus an expected increase of 0.6%.
