Industrial producer prices in the Czech Republic fell again year-on-year in July, down 1.2%, while other sectors recorded rises—most notably agriculture, which climbed 11.2% though at a slower pace than in June, the Czech Statistical Office (ČSÚ) reported. Construction work prices rose 2.6% and market services for businesses increased 4.1%. "Construction work prices increased by 2.6% and market services for businesses by 4.1%," said Jiří Šulc, head of the ČSÚ price statistics department for agriculture, construction and services.

Industrial prices have been contracting since February and the July decline accelerated from June’s 0.7% fall. Energy-related industrial prices (electricity, gas, steam, air conditioning) were down 4%, while industrial producer prices excluding energy were up 0.6%. Notable sector movements included chemical products -6.9%, coal -10.4% and food products +4% (dairy +11%, processed/canned meat +5%).

In agriculture, plant production rose 5.6% and animal production 17.8%; large increases were reported for fruit (+21.5%) and eggs (+42.5%), while potatoes fell 22.7%. Month-on-month in July, agricultural producer prices fell 1.9%, industrial producers rose 0.1%, construction work rose 0.3% and market services for businesses decreased 1.4%. #CzechRepublic #PPI #inflation #ČSÚ #FiatNews