Czech Republic: Inflation inches up in March
April 9, 2015
In March, consumer prices rose 0.1% over the previous month, coming in slightly below the 0.2% increase registered in February. According to the Czech Statistical Office, March’s increase mainly reflects higher prices for transport as well as for alcoholic beverages and tobacco.
In March, annual headline inflation inched up from February’s 0.1% to 0.2%, the highest reading in four months. The reading fell slightly short of the 0.3% rise that the market had expected. Inflation remains well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.