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FX.co ★ Czech Producer Price Inflation Slows To 21.3%

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typeContent_19130:::2022-12-16T09:22:00

Czech Producer Price Inflation Slows To 21.3%

The Czech Republic's industrial producer prices rose less than expected in November, figures from the Czech Statistical Office showed on Friday.

The industrial producer price index gained 21.3 percent year-on-year in November, after a 24.1 percent growth in October. Economists had expected a 22.9 percent increase.

Among the main industrial groupings, prices in the energy sector grew by 41.5 percent, and those for non-durable consumer goods by 23.1 percent.

Excluding energy, industrial producer price inflation eased to 14.6 percent in November from 15.7 percent in October.

On a monthly basis, producer prices fell 1.0 percent in November. Economists had expected the price to grow 0.3 percent.

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