Czech producer price inflation weakened in June, while economists expected it to remain unchanged, data released by the Czech Statistical Office showed Wednesday.
The producer price index increased 1.5 percent annually in June, while economists expected to remain unchanged at the previous month's 1.7 percent.
Production of intermediate goods rose 1.3 percent annually, while capital goods output advanced 1.4 percent. Production of energy products were higher by 1.5 percent compared to last year, and that of non-durable consumer goods by 1.8 percent, data showed.
Month-on-month, output prices decreased a seasonally adjusted 0.3 percent during the month, which was the first drop since August 2011.
Separately, the agency said export prices in the Czech Republic increased at a faster rate of 4 percent year-on-year in May than April's 2.7 percent. Sequentially, export prices rose 1.8 percent. Import prices rose 6.1 percent annually during the month, after gaining 4.5 percent in the previous month.
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