Czech Republic: Inflation eases from over six-year high in April
Consumer prices rose 0.1% from the previous month in April, following March’s 0.2% month-on-month increase. Data released by the Czech Statistical Office (CSO) revealed that April’s uptick was largely due to higher prices for clothing and footwear, and fuels.
Meanwhile, inflation edged down to 2.8% in April from 3.0% in March, which had marked the highest reading in over six years. As a result, it now stands within the Central Bank’s 1.0%–3.0% tolerance range. Annual average inflation ticked up to 2.4% from 2.3% in the previous month.