Czech Republic: Inflation declines slightly in September
October 10, 2016
In September, consumer prices fell 0.2% from the previous month, matching August’s reading. According to the Czech Statistical Office, the print mainly reflected a decrease in prices for recreation and culture, due to the end of the summer season.
Inflation inched down in September, decreasing to 0.5% from August’s 0.6%. Consequently, inflation moved further below the lower bound of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in September was steady at August’s 0.3%.