Czech Republic: Inflation continues to rise in May
June 9, 2015
In May, consumer prices rose 0.3% over the previous month, matching April’s result. According to the Czech Statistical Office, May’s surge mainly reflects higher prices for transport, food and non-alcoholic beverages as well as alcoholic beverages and tobacco.
In May, headline inflation increased from April’s 0.5% to 0.7%, the highest reading in seven months. The result overshot the 0.5% rise that the market had expected. Nevertheless, inflation remains below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.