Czech Republic: Inflation accelerates in October
November 9, 2016
In October, Czech consumer prices grew 0.3% from the previous month, contrasting September’s 0.2% fall. According to the Czech Statistical Office, the print mainly reflected an increase in prices for clothing and footwear as well as for transport.
Inflation edged up in October, increasing to a 16-month high of 0.8% from September’s 0.5%. Consequently, inflation moved close to the lower bound of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in October was 0.4%, up from September’s 0.3%.