Czech Republic: Inflation in March falls again
April 11, 2016
In March, consumer prices fell 0.1% over the previous month, which contrasted February’s 0.1% increase. According to the Czech Statistical Office, the print mainly reflected lower prices for recreation and culture, which came primarily from a drop in the price of package holidays.
Inflation fell from 0.5% in February to 0.3% in March. The result marked the lowest reading in three months and slightly undershot market expectations of 0.4%. The decrease pushes inflation further below the lower bound of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.