Czech Republic: Inflation accelerates in November
December 9, 2016
In November, consumer prices in the Czech Republic grew 0.3% from the previous month, matching October’s reading. According to the Czech Statistical Office, the print mainly reflected an increase in prices for clothing and footwear as well as for transport.
Inflation edged up in November, increasing to an over three-year high of 1.5% from October’s 0.8%. Consequently, inflation moved into the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in November was 0.5%, up from October’s 0.4%.