Czech Republic: Inflation eases from over six-year high in May
June 11, 2019
Consumer prices rose 0.7% from the previous month in May, following April’s 0.1% month-on-month increase. Data released by the Czech Statistical Office (CSO) revealed that May’s upturn was largely due to higher prices for food and non-alcoholic beverages.
Meanwhile, inflation ticked up from 2.8% in April to 2.9% in May. As a result, it now lies marginally below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Annual average inflation inched up to 2.5% from 2.4% in the previous month.
Author: Javier Colato, Economist