Czech Republic: Inflation jumps to over 13-year high in December
January 12, 2022
Consumer prices rose 0.42% from the previous month in December, following November’s 0.17% increase. Looking at the details of the release, December’s increase mainly reflected rising prices for food and non-alcoholic beverages.
Meanwhile, inflation climbed to 6.6% in December from November’s 6.0%, and thus marked the highest reading since July 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 3.8% in December from 3.5% in November, marking the highest reading since May 2009.