Industrial prices in Czechia accelerate growth

In July, prices of industrial goods in Czechia saw a 1.7% year-on-year increase, marking the fourth consecutive month of growth. Meanwhile, agricultural prices continued their 15-month decline, though the drop slowed to 3.7%. Prices for market services for businesses rose by 3.5%, while construction work prices increased by an estimated 1.8%. The Czech Statistical Office (ČSÚ) reported that these producer prices indicate future consumer price trends. Industrial price growth was driven by increases in sectors like coke production and refined petroleum, while agricultural price declines were most notable in crops like potatoes and grains.