Czech Republic: Inflation eases slightly in November
December 9, 2014
In November, consumer prices fell 0.2% over the previous month, which contrasted the 0.2% increase registered in October and marked the steepest drop since September 2013. According to the Czech Statistical Office, November’s decrease was due to lower prices for fuel as well as for alcoholic beverages and tobacco.
Annual headline inflation inched down from 0.7% in October to 0.6% in November, which marked the lowest level in three months. The reading undershot the 0.7% the market had expected. Inflation is well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.
Author: Dirina Mançellari, Senior Economist