Czech Republic: Inflation inches up to one-and-a-half-year high in June
July 9, 2015
In June, consumer prices rose 0.1% over the previous month, which came in below May’s 0.3% increase. According to the Czech Statistical Office, June’s mild rise reflected higher prices for recreation and culture as well as transport.
In June, headline inflation inched up from May’s 0.7% to 0.8%, the highest reading in 18 months. Nevertheless, the result fell slightly short of the 0.9% rise that the market had expected. Inflation remains below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.