Czech Republic: Inflation inches up in March
April 11, 2017
In March, Czech consumer prices remained unchanged from the previous month, slowing from February’s 0.4% month-on-month rise. According to the Czech Statistical Office, the print mainly reflected an increase in prices for alcoholic beverages and tobacco, which was offset by a decline in prices for recreation and culture.
Inflation inched up in March, increasing to an over four-year high of 2.6% from February’s 2.5%. Consequently, inflation moved closer to the upper bound of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in March was 1.2%, up from February’s 1.0%.