Producer prices in Czech Republic increased 2.1 percent year-on-year in July 2019, easing further from a 2.5 percent rise in the prior month and slightly below market expectations of a 2.2 percent gain. This is the lowest producer inflation since May last year, as prices softened for mining & quarrying (6.9 percent vs 7.1 percent in June) and manufacturing (0.9 percent vs 1.4 percent in June). Meanwhile, inflation was steady for water supply, sewerage, waste management & remediation services (at 2.9 percent). In contrast, cost rose slightly faster for electricity, gas, steam & air conditioning supply (8 percent vs 7.9 percent). On a monthly basis, producer prices went down 0.1 percent, after a 0.7 percent decrease in the previous month and matching market expectations. Producer Prices Change in Czech Republic averaged 5.13 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 2.10 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 2.10 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.