Czech Republic: Inflation eases in November
December 11, 2017
Consumer prices inched up 0.1% in November from the previous month, matching market expectations. According to the Statistical Institute, the rise was mainly driven by higher prices for food and non-alcoholic beverages.
Inflation moderated from 2.9% in October to 2.6% in November. As a result, inflation moved closer to the mid-point of the Central Bank’s 1.0%–3.0% target range. Annual average inflation, meanwhile, increased from 2.3% in October to 2.4% in November.
Author: Jan Lammersen, Economist