Czech Republic: Inflation drops in October
November 10, 2020
Consumer prices increased 0.18% from the previous month in October, contrasting September’s 0.62% decrease. Looking at the details of the release, October’s rise mainly reflected higher prices for food and non-alcoholic beverages and clothing and footwear which more than offset lower prices for utilities.
Meanwhile, inflation decreased to 2.9% in October (September: 3.2%), therefore moving within the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation was stable at September’s 3.3% In October.