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Czech Republic Inflation December 2019

Czech Republic: Inflation ends 2019 at an over seven-year high

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.

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