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2011.10.1704:28:00UTC+00Czech Export Price Growth Quickens In August

Export prices in the Czech Republic increased at a faster pace in August, data released by the Czech Statistical Office showed Monday.

The export price index increased 1.5 percent on an annual basis in August, faster than the 0.2 percent growth seen in July.

Export prices of manufactured goods, classified chiefly by material, advanced 5.8 percent annually, while prices of mineral fuels, lubricants and related materials moved up 9.1 percent during the month, contributing markedly to the growth in overall prices. There was an 8.9 percent annual growth in chemicals and related products.

Month-on-month, export prices decreased 0.3 percent during the month, after holding flat in the previous month.

At the same time, the growth in import prices accelerated to 3 percent in August from 2.4 percent in July. On a monthly basis, import prices decreased 0.6 percent, after rising 0.5 percent in the previous month.

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