Czech Republic: Inflation jumps to nearly 13-year high in September
Consumer prices rose 0.17% from the previous month in September, following August’s 0.69% rise. Looking at the details of the release, September’s increase mainly reflected rising prices for electricity, garments and tobacco.
Meanwhile, inflation jumped to 4.9% in September from August’s 4.1%, and thus marked the highest reading since October 2008 and moved further above the higher bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation rose to 3.0% in September from 2.8% in August.