PRAG (dpa-AFX) - Czechia's industrial producer price inflation accelerated further in September to the highest level in nearly three-and-a-half years, figures from the Czech Statistical Office showed on Friday.
The industrial producer price index climbed 3.7 percent annually in September, faster than the 2.0 percent increase in August. The expected rise was 3.4 percent. Moreover, this was the highest inflation rate since April 2023, when prices surged 6.4 percent.
Among sectors, manufacturing prices grew at a faster pace of 5.3 percent versus 4.0 percent a month ago. The annual price growth in mining and quarrying accelerated to 2.6 percent from 2.3 percent. Data showed that the annual decline in prices for utilities eased to 1.6 percent from 4.8 percent.
Among the main industrial groupings, energy prices climbed 8.1 percent, and those for intermediate goods were 5.0 percent higher. On the other hand, costs for non-durable consumer goods dropped 2.1 percent.
On a monthly basis, producer prices moved up 1.2 percent versus an expected rise of 0.9 percent.
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