Oil, food drive Czech Feb industry prices up

13-03-2004

Czech producer prices grew by a faster-than-expected 0.3 percent in February, up from 0.8 percent in January, driven mainly by chemicals, oil refining and food industries. The Czech Statistics Office said on Friday said that the result put the year-on-year growth of industrial producer prices at 1.5 percent down from January's 1.6 percent. Agricultural prices alone grew by more than 3 percent, which analyst predict will stimulate growth of consumer food prices.