INSTANT VIEW 1-Czech Oct PPI picks up, touch above fcast

...above the 
market forecast to 4.4 percent from September's 4.0 percent. 
    The numbers released on Wednesday pointed at building cost 
pressures in the economy and were likely to support market 
expectations of an interest rate increase in the coming months. 
**************************************************************** 
KEY POINTS: 
(change in percent)       Oct        Sept       Oct forecast 
 month/month              0.4        0.1        0.3 
 year/year                4.4        4.0        4.3 
 
 (For full table of data...........................[nPRA001605]) 
 
- Separately, the statistical bureau said agriculture producer 
prices jumped 5.9 percent in October from August for a 24.4 
percent year-on-year increase, up from a 18.1 percent gain a 
month ago. 
  
BACKGROUND: 
- Industrial PPI and agriculture producer prices are watched 
closely by the markets as leading indicators for consumer 
inflation which is targeted by the Czech central bank (CNB). 
 
- October consumer inflation                     [ID:nL08387816] 
                                 [ID:nL08232250] [ID:nL08707305] 
- September industrial output figures            [ID:nL08278721] 
- Report on last Czech c.bank rate decision      [ID:nL25710600] 
  [ID:nPRA001568] [ID:nPRA001584] [ID:nPRA001585] [ID:n25439215] 
  
LINKS: 
- For further details on October producer prices and past data, 
Reuters 3000 Xtra users can click on the statistical bureau's 
Website: 
    http://www.czso.cz/eng/csu.nsf/kalendar/2004-ipc 
 
- For LIVE Czech economic data releases, click on        
- Instant Views on other Czech data                 [CZ/INSTANT] 
- Overview of Czech macroeconomic indicators            [CZ/ECI] 
 
- Key data releases in central Europe    [CEE-CONVERGENCE-WATCH] 
- For Czech money markets data click on                 
- Czech money guide                                       
- Czech benchmark state bond prices                    
- Czech forward money market rates                       
 
 (Writing by Marek Petrus; Editing by Alan Crosby) 
  
  Keywords: CZECH ECONOMY/PRICES  
    

[PRAGUE/Reuters/Finance.cz]