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Czech Producer Price Inflation More-Than Expected In March

The Czech Republic's producer price inflation accelerated in March at a faster than expected pace, figures from the Czech Statistical Office showed on Tuesday.

The producer price index rose 3.8 percent year-on-year in March, after a 3.6 percent rise in February. Economists had expected a 3.7 percent rise.

Among the main industrial grouping, prices for electricity, gas, steam and air conditioning surged 8.4 percent annually in March.

On a month-on-month basis, producer prices rose 0.5 percent in March, following a 0.3 percent rise in the previous month.

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