Production costs in all sectors rise year-on-year

Production costs in Czechia continued to grow in September in a year-on-year comparison, according to data published on Monday by the Czech Statistics Office. The prices for agricultural producers rose the most, by 33.6 percent, while for industry costs were 25.8 percent higher and for construction they were 13.1 percent higher. Producer costs indicate future price developments for consumers.

In a month-on-month comparison, costs also rose for all sectors, with the exception of agriculture where they actually fell by 1.3 percent. However, the price increases were less dramatic than in the year-on-year comparison - costs for industrial producers rose by 1.2 percent compared to August, while construction works were 0.3 percent more expensive.