Czech Republic: Inflation hits over four-year high in January
February 10, 2017
In January, consumer prices grew 0.8% from the previous month, accelerating from December’s 0.3% rise. According to the Czech Statistical Office, the print mainly reflected an increase in prices for food and non-alcoholic beverages, recreation and culture and transport.
Inflation edged up in January, increasing to an over four-year high of 2.2% from December’s 2.0%. Consequently, inflation moved above the center of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in January was 0.8%, up from December’s 0.7%.