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Czech Republic Inflation September 2019

Czech Republic: Inflation edges down in September

Consumer prices dropped 0.6% from the previous month in September, contrasting August’s 0.1% uptick and marking the sharpest monthly fall since September 2006. Data released by the Czech Statistical Office (CSO) revealed that September’s dip was mainly driven by lower prices for recreation and culture, in which prices for package holidays declined noticeably amid the end of the summer season.

Meanwhile, inflation edged down from 2.9% in August to 2.7% in September. Thus, it moved further below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation held steady at 2.6% for the third successive month in September.

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