Czech Republic: Inflation jumps to seven-month high in January
February 12, 2016
In January, consumer prices rose 0.6% over the previous month, which contrasted December’s 0.1% decline. According to the Czech Statistical Office, the print mainly reflected higher prices for food and non-alcoholic beverages as well as for alcoholic beverages and tobacco.
Inflation rose from 0.1% in December to 0.6% in January. The result marked the highest reading in seven months and slightly exceeded market expectations of 0.5%. Despite of the increase, inflation remained below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.