Czech import, export prices rise in Jan 2012.

By bne IntelliNews March 16, 2012
Czech import and export prices in January 2012 increased at a faster annual pace than in the previous month and the terms of trade fell to 99.2% from Decembers 99.5%, data from the statistics office showed. Import prices increased for the 21st month in a row in January going up by 7% y/y, following a 5.1% y/y rise in December, as prices of mineral fuels surged by 28.2% and prices of chemicals climbed 5.4%. Export prices advanced 5.4% y/y in the first month of 2012 after growing by 3.5% in the previous month. The development of export prices was influenced by a 8.4% y/y increase in the category of manufactured goods classified chiefly by material. Other groups that registered price hikes included mineral fuels (7.3%), chemicals (7.2%) and miscellaneous manufactured articles (6.9%). On a monthly basis, import prices also speeded up their growth to 1.4% in January from 0.8% in December. Export prices moved up 0.6% m/m, faster than Decembers rise of 0.3% m/m.
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