The Czech producer price index has fallen 3.8% on the year in May. The drop is the biggest decline since 1991 and is due mainly to heightened annual price decreases for commodities such as refined oil products, coking coal, and metals.

The decrease in the producer price index is even more of a disappointment than anticipated. The market production was for a 2.9% decline on the year, but as mentioned dropped almost a full percentage point.

The current exchange rate for the Czech Koruna is GBP0.031 and EUR0.037

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The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.