Czech Republic: Inflation dips in June
July 12, 2017
In June, consumer prices were unchanged compared to the previous month, down from May’s 0.2% increase. According to the Czech Statistical Office, the print mainly reflected higher prices for recreation and culture—especially package holidays—and food and non-alcoholic beverages, which were offset by lower prices for clothing and footwear and transport—with automotive fuel prices dropping for the fourth consecutive month.
Inflation dipped in June to 2.3% from May’s 2.4%. Consequently, inflation remained above the center of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in June was 1.7%, up from May’s 1.5%.