Czech Republic: Inflation at nine-month low in November
December 9, 2015
In November 2015, consumer prices fell 0.4% over the previous month, which followed October’s stable reading. According to the Czech Statistical Office, the print reflected lower prices for the majority of items that comprise the consumer basket.
In November, inflation moderated from October’s 0.2% to 0.1%, which marked the lowest level in nine months. In addition, the print fell short of the 0.3% that the markets had expected. As a result, inflation remained below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.