Czech Republic: Inflation falls to lowest level in over four years
July 9, 2014
In June, consumer prices were unchanged over the previous month, which was down from the 0.1% increase registered in May. According to the Czech Statistical Office, higher prices for recreation and culture offset lower prices for food and non-alcoholic beverages.
Consumer prices were also unchanged compared to the same month last year in June. The reading came in below the 0.4% increase in May and marked the lowest level since October 2009. June’s result fell short of the 0.1% increase the market had expected. Inflation is well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.
Author: Ricardo Aceves, Senior Economist