Czech Republic: Inflation drops in August
September 9, 2015
In August, consumer prices fell 0.2% over the previous month, which came in below July’s 0.1% decrease. According to the Czech Statistical Office, August’s drop reflected lower prices for food and non-alcoholic beverages as well as alcoholic beverages and tobacco.
In August, inflation fell from July’s 0.5% to 0.3%. In addition, the print fell slightly short of the 0.4% drop that the market had expected. As a result, inflation moved further below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.