Import prices fell by 5.4 %, fuel prices down 24.1 %

Published: 14.06.2023 Related countries:  South Africa South Africa

Import prices fell by 5.4 %, fuel prices down 24.1 %

In April 2023, export prices increased by 0.2 % y/y, import prices decreased by 5.4 %. Terms of trade reached 105.9 % (105.7 % in March). The Czech Statistical Office informed about this, saying that in the case of exports, the biggest influence was the increase in the prices of mineral fuels by 12.7 % (electricity and gas). From the point of view of imports, the discounting of mineral fuels by 24.1 % (mainly oil and oil products, gas and electricity) was crucial. In a month-on-month comparison, export prices fell by 2.2 % and import prices by 2.9 %. Terms of trade recorded a value of 100.7 % (100.8 % in March). 

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