Industrial producer prices grow by 21.3%

(ČIA) Prices of agricultural producers increased by 22.9% y/y in February 2022. Industrial producers increased by 21.3% y/y. Prices of construction work rose by 8.6% and market services for businesses by 4.3%, according to estimates by the Czech Statistical Office. Month-on-month, prices of agricultural producers rose by 3.0%, industrial producers by 2.2%, construction work by 0.6%, and services by 1.8%. EU industrial prices increased by 30.3% y/y in January 2022. Eurostat data show that increases occurred in all countries. In Slovakia, prices rose by 24.0% and in the Czech Republic by 19.4%.



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