Czech production prices fell in April thanks to continuing lower prices for petroleum products, according to the country’s statistics office. Industrial production fell 4.7 percent compared to April 2015, which was even faster than in March when it fell 4.5 percent. Most economists had expected only a 4.6 percent fall in output. However, compared to output in March 2016, production prices increased slightly by 0.1 percent. It was the first increase in production prices since May 2015.
Import prices fell 5.9 percent on a year-on-year basis by 5.9 percent in March, compared to February when the figure was 5.8 percent. Compared to the month before, however, import prices climbed 0.2 percent. At the same time, export prices fell 4 percent on a y-o-y basis, but just 0.1 percent compared to February 2016.
