Czech Republic: Inflation edges up in July
August 12, 2019
Consumer prices increased 0.4% from the previous month in July, up from June’s 0.2% increase. Data released by the Czech Statistical Office (CSO) revealed that July’s rise was mainly driven by higher prices for recreation and culture, particularly of package holidays.
Meanwhile, inflation edged up from 2.7% in June to 2.9% in July. As a result, it landed marginally below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Annual average inflation inched up to 2.6% in July from 2.5% the month prior.
Author: Javier Colato, Economist