Czech Republic: Inflation ticks down in June
Consumer prices jumped 0.52% from the previous month in June, following May’s 0.17% rise. Looking at the details of the release, June’s result mainly reflected higher prices for utilities, recreation and culture and transport.
Meanwhile, inflation dipped to 2.8% in June from May’s 2.9%, and thus moved further below the higher bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation was stable at May’s 2.8% in June.