Czech Republic: Inflation moderates in July
August 10, 2015
In July, consumer prices fell 0.1% over the previous month, which contrasted June’s 0.1% increase. According to the Czech Statistical Office, July’s mild drop reflected lower prices for food and non-alcoholic beverages as well as clothing and footwear.
In July, inflation moderated from June’s 0.8%, which marked the highest reading in 18 months, to 0.5%. In addition, the result fell slightly short of the 0.6% rise that the market had expected. As a result, inflation moved further below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.