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Thursday, a report by the Czech Statistical Office said producer prices dropped 5.4% on a yearly basis in September, sharper than a 5.1% fall in the previous month.Economists expected a 5.2% drop.
The statistical office said this was the seventh biggest annual fall a row since the beginning of the series in 1991. Basic metals, fabricated products, as also coke and refined petroleum products contributed to the decline in prices.
Month-on-month, producer prices slipped 0.4% in September, reversing a 0.2% rise in the previous month.
Separately, the statistical office said export prices dropped 2.7% year-on-year in August, after rising for the past eight months. In July, prices were up 0.5%. Import prices declined for the fifth consecutive month, by 7.2%, faster than a 4.4% fall in July.
On a monthly basis, export prices slipped 0.5%, after a 2.3% fall in July, while import prices fell 0.6% , following a 2.4% drop in the previous month.
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