Czech Republic: Inflation ends 2019 at an over seven-year high
December 13, 2019
Consumer prices rose 0.2% from the previous month in December, following November’s 0.3% increase. Data released by the Czech Statistical Office (CSO) revealed that December’s climb was mainly driven by higher prices for food and non-alcoholic beverages, and housing and utilities.
Meanwhile, inflation ticked up from 3.1% in November to 3.2% in December, the highest reading since October 2012. Thus, it climbed further above the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation held steady at 2.8% in the final month of 2019.
Author: Javier Colato, Economist