Producer prices for Czech industries grew at a strong rate in August, albeit slower than that in the previous month, but faster than the pace economists had expected, preliminary data from the statistical office showed Monday.
The producer price index rose 3.3 percent year-on-year following a 3.4 percent increase in July. Economists had expected 3.1 percent inflation.
Compared to the previous month, producer prices rose 1.3 percent in August after 1.2 percent gain in July.
Separately, the Czech Statistical Office revealed that import prices rose 2.5 percent year-on-year in July after a 0.7 percent increase in June. The latest gain was driven by a 33 percent jump in prices in the mineral fuels, lubricants and related products segment.
Export prices grew 1.8 percent annually after a 0.5 percent rise in June.
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