Report published August 17, 2026
Construction Pricing Heats Up in the Czech Republic – ING Economic Analysis
Source and citation context
- Issuer
- ING
- Report date
- August 17, 2026
- Analysis as of
- Not stated in source
Authors / editors: David Havrlant
Finvaulta summarizes ING's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Czech industrial producer prices rose 1.6% YoY in July, led by energy, refined petroleum, and construction materials (+6.9% YoY). Conversely, agricultural prices dropped 13.0% YoY and non-durable consumer goods fell 2.9% YoY, leading to diverging core inflation pressures.
Key Takeaways
- 1.Czech construction material prices accelerated to 6.9% YoY in July, driven by strong demand and geopolitical tensions (Strait of Hormuz shock), supporting growth in imputed rent within core inflation.
- 2.Industrial producer prices rose 1.6% YoY (+0.3% MoM), while intermediate goods gained 4.4% YoY; however, non-durable consumer goods prices fell 2.9% YoY as Chinese overproduction and consumer weakness limit cost pass-through.
- 3.Agricultural producer prices fell 13.0% YoY (-1.3% MoM), acting as a continued dampening force on headline consumer food prices.
Table of Contents
- Industrial and construction pricing drift apart
- Material prices driven by Strait of Hormuz shock and ample demand
- Prices in agriculture carry on with downward surprises
- Author
- Disclaimer
Report data
Material prices driven by Strait of Hormuz shock and ample demand
| Metric | Estimate | Context |
|---|---|---|
| Czech Industrial Producer Prices YoY | 1.6% | Czech industrial PPI grew 1.6% YoY, coming in slightly above market expectations. |
| Czech Industrial Producer Prices MoM | 0.3% | Czech industrial producer prices rose 0.3% month-on-month in July. |
| Agricultural Producer Prices YoY | -13.0% | Agricultural producer prices fell 13.0% YoY in July. |
| Agricultural Producer Prices MoM | -1.3% | Agricultural producer prices fell 1.3% MoM in July. |
| Construction Work Price Growth YoY | 4.5% | Annual price growth of construction work softened to 4.5% in July. |
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Authors / Editors
Reported Data Context
- Czech Industrial Producer Prices YoY: 1.6 % (2026-07) · Source: CZSO
- Czech Industrial Producer Prices MoM: 0.3 % (2026-07) · Source: CZSO
- Agricultural Producer Prices YoY: -13.0 % (2026-07) · Source: CZSO
- Agricultural Producer Prices MoM: -1.3 % (2026-07) · Source: CZSO
- Construction Work Price Growth YoY: 4.5 % (2026-07) · Source: CZSO
Themes
Regions
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