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The level of prices of goods exported to euro area countries grew by 0.4%, while the level of prices of products exported to non-euro area countries decreased by 0.8%.

During the month, the most notable price changes were caused by price reduction in electricity, gas, steam and air conditioning supply, as well as in manufacture of food.

Producer price changes in March 2016, %

In March 2016, as compared to March 2015, the average level of producer prices fell by 3.1%. The prices of goods sold on the domestic market dropped by 3.8%, and prices of exported products – by 2.4%. Prices of products exported to euro area countries decreased by 1.5% and of products exported to non-euro area countries – by 2.8%.

The most significant price drop was recorded in electricity, gas, steam and air conditioning supply (of 1.2 percentage points), in manufacture of wood and products of wood, except furniture (of 0.7 percentage points), and in manufacture of food products (of 0.6 percentage points).

Producer price changes over the corresponding month of the previous year, as %

This year information on producer prices in industry is provided by more than 620 enterprises, which for index calculations every month inform the CSB about approximately 2.8 thousand prices – 1.5 thousand of which regard products and industrial services sold on the domestic market, and 1.3 thousand regard prices on the export markets.

More information on producer price changes is available in the CSB database section Producer Prices.