Industrial prices dropped by 0.1%, month-on-month, and 0.9%, year-on-year, in July just as we expected. The downward trend began in April, however, rising oil prices and agricultural prices could revert price development soon. Agricultural prices closed three-month downward trend and rose by 2.7%, m-o-m, in July. Compared to the same months of previous year, they fell by 14.7%.
David Marek