Czech producer price trends – April 2025

20 May 2025

According to data published by the Czech Statistical Office on 20 May 2025, producer prices in April showed mixed developments across different sectors. Agricultural producer prices rose both month-on-month and year-on-year, while industrial producer prices continued to decline. Construction and service sectors recorded moderate price growth.

Agricultural producer prices increased by 3.2% compared to March and were 15.7% higher year-on-year. The month-on-month increase was driven by price growth in eggs (+12.1%), cattle for slaughter (+4.6%), pigs for slaughter (+3.1%), cereals (+1.3%), and milk (+1.1%). Prices fell for potatoes (-4.0%), oilseeds (-0.8%), and poultry (-0.5%). Year-on-year, crop production prices rose by 17.3%, with notable increases in fruit (+38.5%), oilseeds (+25.4%), cereals (+14.9%), and fresh vegetables (+14.4%), while potato prices declined (-4.9%). In animal production, prices increased by 14.4%, with eggs up by 42.5%, cattle for slaughter by 25.8%, milk by 19.6%, and poultry by 4.3%. The only decline was in pig prices, which dropped 14.1%.

Industrial producer prices fell by 0.8% compared to March and were 1.3% lower year-on-year. Price decreases were most evident in energy-related sectors such as ‘coke and refined petroleum products’ and ‘electricity, gas, steam and air conditioning’ (-3.0%). Prices also declined in chemicals (-2.7%). Some segments posted gains, including ‘preserved meat and meat products’ (+2.1%), ‘processed fruit and vegetables’ (+2.3%), and ‘wood products’ (+2.1%). Year-on-year, energy prices dropped 5.9%, while intermediate goods declined by 0.5%. Non-durable consumer goods and capital goods increased by 1.9% and 1.4%, respectively. When excluding energy, industrial producer prices rose 0.6%.

Construction work prices increased by 0.4% month-on-month. Year-on-year, estimated prices for construction work rose by 3.6%, while prices of materials and products used in construction grew by 0.7%.

Service producer prices in the business sector grew by 1.0% compared to March and by 4.0% year-on-year. Significant month-on-month increases were observed in ‘programming and broadcasting services’ (+9.8%), ‘advertising and market research’ (+9.4%), and ‘employment services’ (+3.9%). Declines were recorded in ‘land transport services’ (-0.5%) and ‘motion picture and related media services’ (-3.2%). Excluding advertising, service prices grew by 0.3% month-on-month and by 3.2% year-on-year.

In the broader EU context, preliminary Eurostat data for March 2025 show a 1.6% monthly decline in industrial producer prices across the EU27. The largest decreases were seen in Estonia, Spain, and Italy. Prices declined slightly in Germany and Czechia, remained unchanged in Poland and Slovakia, and rose in Austria, Greece, Luxembourg, and Slovenia. Year-on-year, EU27 industrial prices rose by 2.1%. Notable increases were recorded in Bulgaria, Ireland, and Denmark, while prices declined in countries including Poland, Czechia, and Germany.

Source: CSO

LATEST NEWS