Czech Republic: Inflation reaches highest rate in nine months
September 9, 2014
In September, consumer prices fell 0.2% over the previous month, which followed the 0.1% decrease registered in August. According to the Czech Statistical Office, September’s decrease was due to lower prices for food and housing.
Annual headline inflation inched up from 0.6% in August to 0.7% in September, thus reaching the highest rate in nine months. The reading undershot the 0.9% the market had expected. Inflation, nonetheless, is well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.
Author: Dirina Mançellari, Senior Economist