Tuesday, 16 June 2026
Agricultural producer prices in the Czech Republic continued to decline in May, while industrial producer prices, construction costs and business service prices remained higher than a year earlier, according to data released by the Czech Statistical Office (CZSO).
Agricultural producer prices fell by 4.3% month-on-month and were 13.2% lower than a year earlier, deepening the annual decline from 10.6% recorded in April.
The sharpest monthly decreases were seen in fruit prices, which dropped by 9.7%, followed by eggs (-7.5%), milk (-2.8%), poultry (-2.2%), cattle for slaughter (-1.7%) and pigs for slaughter (-1.3%). Cereals and oilseeds recorded modest monthly increases.
On an annual basis, crop production prices fell by 13.6%, driven by lower prices for fruit (-43.3%), potatoes (-21.6%), cereals (-15.8%) and oilseeds (-10.9%). In animal production, prices declined by 13%, largely due to lower milk and pig prices. However, cattle, poultry and egg prices remained above year-earlier levels.
Industrial producer prices declined by 0.1% compared with April but increased by 1.5% year-on-year, accelerating from the 1.0% annual increase recorded in April.
The monthly decline was mainly driven by lower prices for electricity, gas, steam and air conditioning, which fell by 2.3%. Food product prices also edged lower, particularly dairy products and processed meat products.
Year-on-year growth in industrial producer prices was supported by significant increases in chemicals and chemical products (+14.7%), wood products (+9.8%) and non-metallic mineral products (+3.8%). Energy prices within the producer basket increased by 2.5% annually, while prices of non-durable consumer goods fell by 1.9%.
Construction work prices remained unchanged on a monthly basis but rose by 3.5% year-on-year, compared with 3.2% growth in April. Prices of construction materials and products increased by 1.3% month-on-month and by 6.1% annually, indicating continued cost pressures across the construction sector.
Prices of business services increased by 0.1% month-on-month and were 3.0% higher than a year earlier. The strongest annual increases were recorded in advertising and market research services (+15.4%), employment services (+8.7%), programming and broadcasting services (+6.5%) and information services (+6.2%).
According to preliminary Eurostat data, industrial producer prices across the EU rose by 0.7% month-on-month and 4.9% year-on-year in April. Among neighbouring markets, annual producer price growth reached 3.1% in Poland, 2.6% in Slovakia, 1.9% in Germany, 1.3% in Austria and 1.0% in the Czech Republic.
The latest figures suggest that while agricultural producers continue to face declining prices, cost pressures remain present across industrial production, construction and service sectors, particularly in materials, energy-related inputs and selected business services.
