Czech Republic: Inflation accelerates further in February
March 9, 2017
In February, Czech consumer prices grew 0.4% from the previous month, slowing from January’s 0.8% rise. According to the Czech Statistical Office, the print mainly reflected an increase in prices for food and non-alcoholic beverages—in particular for vegetables—and recreation and culture.
Inflation edged up in February, increasing to an over four-year high of 2.5% from January’s 2.2%. Consequently, inflation moved further above the center of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in February was 1.0%, up from January’s 0.8%.