Czech Republic: Inflation jumps to over 13-year high in November
Consumer prices rose 0.17% from the previous month in November, following October’s 1.02% jump. Looking at the details of the release, November’s increase mainly reflected rising prices for transport and in food and non-alcoholic beverages.
Meanwhile, inflation climbed to 6.0% in November from October’s 4.9%, and thus marked the highest reading since September 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 3.5% in November from 3.2% in October, marking the highest reading since June 2009.