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Czech Republic Inflation November 2020

Czech Republic: Inflation drops again in November

Consumer prices remained flat from the previous month in November, following October’s 0.18% increase. Looking at the details of the release, November’s result mainly reflected higher prices for alcoholic beverages and tobacco offsetting lower prices for household appliances and automotive fuels and lubricants.

Meanwhile, inflation decreased to 2.7% in November (October: 2.9%), therefore moving closer to the midpoint of the Central Bank’s 1.0%–3.0% tolerance range and marking the lowest reading since September 2019. Lastly, annual average inflation dipped from October’s 3.3% to 3.2% in November.

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