Czech Statistical Office releases latest international trade in goods price indices

Published: 15.04.2024 Related countries:  U.S.A. U.S.A.

In February 2024 export prices increased month-on-month by 2.1%, in year-on-year comparison increased by 1.6%. Import prices increased month-on-month by 1.3%, year-on-year decreased by 1.1%. The terms of trade reached month-on-month the value of 100.8%, year-on-year 102.8%.

In year-on-year comparison, export prices increased by 1.6% (after exchange rate adjustment by 3.3%). The prices increased significantly in ‘other transport equipment’, ‘furniture’ and in ‘motor vehicles, trailers and semi-trailers’, by 19.3%, 15.4% and 9.6%, respectively. The prices decreased especially in ‘electricity, gas, steam and air conditioning’, ‘products of agriculture, hunting and related services’ and in ‘products of forestry, logging and related services’, by 32.0%, 16.9% and 15.1%, respectively.

In year-on-year comparison, import prices decreased by 1.1% (after exchange rate adjustment by 5.4%). The prices decreased significantly in ‘electricity, gas, steam and air conditioning’, ‘crude petroleum and natural gas’ and in ‘paper and paper products’, by 43.6%, 21.9% and 8.1%, respectively. Significantly increased prices in ‘other transport equipment’, ‘motor vehicles, trailers and semi-trailers’ and in ‘beverages’, by 13.2%, 7.4% and 7.1%, respectively.

Source: Czech Statistical Office, www.czso.cz.
Prepared by the team of CzechInvest and CzechTrade office in New York.

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