Czech Republic: Inflation hits four-year high in December
January 11, 2017
In December, consumer prices in the Czech Republic grew 0.3% from the previous month, matching November’s reading. According to the Czech Statistical Office, the print mainly reflected an increase in prices for food and non-alcoholic beverages as well as for restaurants and hotels.
Inflation edged up in December, increasing to a four-year high of 2.0% from November’s 1.5%. Consequently, inflation moved to the center of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in December was 0.7%, up from October’s 0.5%.