Czech Republic: Inflation holds stable in October
Consumer prices rose 0.5% from the previous month in October, contrasting September’s 0.6% drop which had marked the sharpest monthly fall in prices since September 2006. Data released by the Czech Statistical Office (CSO) revealed that October’s increase was mainly driven by higher prices for food and non-alcoholic beverages, particularly of fruit.
Meanwhile, inflation held steady at 2.7% in October. Thus, it remained slightly below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation ticked up to 2.7% from 2.6% in the prior month.