Czech Republic: Inflation increases in June
July 10, 2020
Consumer prices rose 0.63% from the previous month in June, following May’s 0.36% increase. Looking at the details of the release, the reading largely reflected higher prices for alcoholic beverages and tobacco, and transport.
Meanwhile, inflation climbed to 3.3% in June (May: 2.9%), thus landing above the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation held steady at 3.1% for the fourth month running.
Author: Javier Colato, Economist