Czech Republic: Inflation jumps to 13-year high in October
Consumer prices jumped 1.02% from the previous month in October, following September’s 0.17% rise. Looking at the details of the release, October’s increase mainly reflected rising prices for utilities, transport and clothing and footwear.
Meanwhile, inflation climbed to 5.8% in October from September’s 4.9%, and thus marked the highest reading since October 2008 and moved further above the higher bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation rose to 3.2% in October from 3.0% in September.