The producer price inflation in the Czech Republic increased to 4.3 percent year-on-year in April 2019, the highest since December 2011, from the previous month's 3.8 percent and above market expectations of 3.9 percent. Upward pressure came from: manufacturing (3.5 percent vs 3 percent in March), led by food products, beverages and tobacco (3.6 percent vs 2.9 percent) and transport equipment (1.2 percent vs 1.1 percent); mining & quarrying (8.4 percent vs 8 percent); and water supply, sewerage, waste management and remediation services (2.9 percent, the same as in March). On the other hand, prices rose at softer pace for electricity, gas, steam and air conditioning (8.2 percent vs 8.4 percent). On a monthly basis, producer prices increased 0.7 percent in April. Producer Prices Change in Czech Republic averaged 5.15 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 3.30 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 1.90 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.