Saturday, 25 October 2025
New data from the Czech Statistical Office reveals continued declines in both export and import price indices during July, alongside a modest easing of consumer inflation in August.
In July, the CZSO reported a 0.7 percent decrease in both export and import price indices compared to the previous month. Year-on-year, export prices declined by 2.4 percent and import prices by 3.0 percent, while the terms of trade—representing the ratio of export to import prices—held steady month-on-month and rose slightly year-on-year to 100.6 percent. Notably, the drop in export prices was driven by reductions in categories such as waste services, agriculture, and paper products, while energy-related categories like electricity and refined petroleum saw increases.
Meanwhile, inflation continued to moderate. The flash estimate of consumer prices for August recorded a month-on-month increase of just 0.1 percent, with year-on-year inflation at 2.5 percent . These figures align with the Czech National Bank’s reported year-on-year inflation rate and suggest ongoing stability in price growth.
Taken together, the July goods trade price index figures and August CPI data suggest that while both export and import cost pressures are receding, households still face modest inflation. The decline in trade prices—particularly in staples and industrial inputs—may gradually ease supply-side cost burdens. Meanwhile, the moderated inflation rate in August reflects a subdued rise in consumer prices.
