Producer prices in Czech Republic rose 2.4 percent year-on-year in December 2018, easing from a 3.9 percent increase in the prior month and below market expectations of a 3.2 percent gain. It is the lowest producer inflation rate since May, as prices advanced at a slower pace for mining & quarrying (8.3% vs 9.2% in November) and manufactured goods (2.2% vs 3.9%). Meantime, producer inflation was steady for electricity, gas, steam & air conditioning supply (2.8 percent) and water supply, sewerage & waste management (1.9 percent). On a monthly basis, producer prices decreased 1.1 percent, after dropping 0.1 percent in November and more than an expected 0.3 percent fall. Producer Prices Change in Czech Republic averaged 5.17 percent from 1991 until 2018, 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 3.10 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 2.40 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.