Producer prices in Czech Republic increased 3.9 percent year-on-year in October of 2018, up from a 3.2 percent rise in the previous month and well above market expectations of 3.3 percent. It was the highest producer inflation since April, when prices showed no growth. Cost advanced further for manufacturing (3.8 percent from 3 percent in September), namely basic metals and fabricated metal products (3.7 percent from 3.5 percent) and machinery & equipment (1.7 percent from 1.2 percent). Also, prices rose faster for electricity, gas, steam & air conditioning (2.8 percent from 2.7 percent) and inflation was steady for water supply, sewerage & waste management (1.9 percent, the same as in September). On the other hand, cost eased for mining & quarrying (9 percent from 9.9 percent). On a monthly basis, producer prices went up 0.7 percent, following a 0.3 percent rise in September and beating market expectations of a 0.2 percent gain. Producer Prices Change in Czech Republic averaged 5.18 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 3.60 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 2.60 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.