Friday, 22 August 2025
Producer price developments in July highlighted contrasting trends across sectors. Agricultural producer prices, despite slowing, remained significantly higher year-on-year, while industrial producer prices continued to decline. Construction and service producer prices showed moderate growth compared with 2024.
Agricultural producer prices fell by 1.9% month-on-month but were still 11.2% higher than in July 2024. Crop production recorded an overall increase of 5.6%, with sharp rises in fruit (+21.5%), oilseeds (+12.0%), and cereals (+9.1%). By contrast, potato prices dropped by 22.7% and fresh vegetables by 8.3%. Animal production posted stronger growth of 17.8%, led by eggs (+42.5%), cattle for slaughter (+35.8%), milk (+19.6%), and poultry (+10.2%). Prices of pigs for slaughter decreased by 5.7%.
Industrial producer prices edged up by 0.1% compared with June but declined by 1.2% year-on-year. Energy-related products weighed on the index, with electricity, gas, steam, and air conditioning down by 4%, alongside decreases in coke, refined petroleum products, coal, and chemicals. Food production provided some support, with prices rising by 4%, particularly in dairy products (+11.0%) and preserved meat (+5.0%). Across main industrial groupings, energy prices dropped 5.4% year-on-year, while durable consumer goods rose 2.7% and non-durable goods 2.5%.
Construction work prices increased by 0.3% from June and by 2.6% year-on-year. Prices of materials and products used in construction dipped slightly month-on-month but remained 0.9% higher than a year earlier.
Service producer prices in the business sector declined by 1.4% month-on-month, driven mainly by lower costs in advertising (-17.9%), broadcasting (-17.3%), and film and media production (-5.3%). Growth was recorded in management consulting (+1.7%) and real estate services (+0.4%). Compared with last year, service producer prices were 4.1% higher, supported by broadcasting (+21.4%), advertising (+15.5%), and security services (+12.6%).
Commenting on the results, Jiří Šulc, head of Agricultural, Construction, and Services Prices Statistics at the Czech Statistical Office, noted: “In year-on-year comparison, prices of agricultural producers increased by more than 11%. Construction work prices were higher by 2.6% and service producer prices in the business sphere by 4.1%. On the other hand, prices of industrial producers decreased by more than 1% year-on-year.”
Across the EU, Eurostat reported that industrial producer prices rose by 0.7% month-on-month in June, reversing declines from May. The highest increases were recorded in Spain, Italy, and Portugal, while Czechia and Austria registered a 0.2% decline. Year-on-year, EU industrial producer prices were up 0.6%, though declines persisted in several countries, including Germany (-1.1%), Poland (-1.0%), Slovakia (-0.9%), and Czechia (-0.7%).
Source: CSO
