Czech Producer Prices Drop Further In August

Sponsored Links

Tuesday, the Czech Statistical Office announced that the producer price index or PPI decreased 5.1% year-on-year in August, compared with a 4.9% fall in the previous month. This was the sixth biggest annual fall in a row since the series started 1991. Economists were looking for a decline of 5.3%.

On a monthly basis, the PPI increased 0.2% in August, after falling 0.4% in July.

Meanwhile, construction work prices increased 0.5% on an annual basis in August, slower than the 0.7% growth in the previous month.

Tuesday, the Czech Statistical Office announced that the producer price index or PPI decreased 5.1% year-on-year in August, compared with a 4.9% fall in the previous month. This was the sixth biggest annual fall in a row since the series started 1991. Economists were looking for a decline of 5.3%. (Market News Provided by RTTNews)