Czech PPI growth eases more than expected in April 2012.

By bne IntelliNews May 18, 2012
Growth in Czech industrial producer prices eased for the fifth straight month in April 2012 mainly due to a decline in mining prices, data from the statistics office showed. Producer prices increased by 2.2% last month, slower than Marchs rise of 3% and below analysts forecast for a 2.4% rise in a Dow Jones Newswires poll. The April growth was fuelled by a 10.7% y/y rise in the prices of coke and refinery products and a 6.4% y/y hike in chemical and chemical products. Prices in mining fell 3.3% on the year in April, following a 2.9% annual rise a month earlier. In monthly terms, industrial producer prices remained unchanged in April after edging 0.3% higher in March. Agricultural producer prices decreased by 2.8% y/y in April, registering their third straight decline after 18 months of constant growth. Crop prices fell by 11.3% with potatoes and vegetables dropping the most by 58.2% and 30.9%, respectively. On a monthly basis, agricultural prices advanced 0.7% but the growth was much slower than the 3.1% monthly rise in March. Construction work prices fell at the slightly slower annual pace of 0.7% in April and on a monthly basis they were 0.1% lower. Prices of market services went down by 0.8% y/y but grew by 0.9% m/m in April.

Czech PPI growth eases more than expected in April 2012.

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