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Czech Republic Inflation September 2018

Czech Republic: Inflation edges down in September

Consumer prices fell 0.3% in September from the previous month, contrasting August’s mild 0.1% rise. Data released by the Czech Statistical Office (CSO) revealed that September’s dip was largely due to lower prices for package holidays as the summer season came to an end.

Inflation edged down from 2.5% in August to 2.3% in September. As a result, inflation moved closer to the midpoint of the Central Bank’s 1.0%–3.0% tolerance band. Annual average inflation, meanwhile, held steady at 2.3% for the seventh consecutive month in September.

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