In June, consumer prices dropped 0.17% over the previous month, which contrasted the 0.51% increase registered in May and analysts' expectations of a 0.30% rise. The monthly fall reflected a sharp decline in prices for vegetables (-14.9% month-on-month), in particular prices for tomatoes (-34.6% mom) and salad cucumber (-34.6% mom), following the panic caused by the E.Coli bacteria outbreak in Germany. As a result of the monthly fall, annual headline inflation moderated to 1.8% in June from 2.0% in May, which had represented the highest rate since December 2010. The annual reading undershot market expectations, which had anticipated that inflation would rise further to 2.1%, but was broadly in line with the Central Bank's estimate that inflation would fall to 1.7% thus hovering below its inflation target rate of 2.0% 1.0 percentage points. The Central Bank expects inflation to rise to 2.3% in the final quarter of this year before inching down to 2.2% in the fourth quarter of 2012.
Czech Republic Inflation
Consumer prices fall in June amid E.Coli outbreak
July 12, 2011
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Czech Republic Economic News
October 10, 2016
In September, consumer prices fell 0.2% from the previous month, matching August’s reading.
October 7, 2016
Industrial production grew 13.1% year-on-year in August, which sharply contrasted the 14.1% fall registered in July and was the best result since May 2011.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit rose from August’s 50.1 to a four-month high of 52.0 in September.
September 29, 2016
At its meeting on 29 September, the Czech National Bank (CNB) decided to leave the two-week repo rate unchanged at its so-called “technical zero” of 0.05%.
September 26, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from August’s 96.8 points to 97.1 points in September, marking a seven-month high.