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Czech Republic Inflation August 2023

Czech Republic: Inflation falls to over one-year low in August

Inflation edged down to 8.5% in August, easing slightly from July’s 8.8%. August’s result marked the weakest inflation rate since December 2021. The reading was largely due to slower growth in prices for housing and utilities. Moreover, prices for recreation and culture grew at a more subdued pace.

Annual average inflation fell to 13.6% in August (July: 14.3%).

Lastly, consumer prices rose 0.20% over the previous month in August, a smaller increase than July’s 0.47% rise. August’s result marked the weakest reading since April.

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