Czech Republic: Inflation rebounds in May
June 9, 2017
In May, consumer prices increased 0.2% from the previous month, up from April’s flat result. According to the Czech Statistical Office, the print mainly reflected higher prices for food and non-alcoholic beverages—especially fruit and pork—and alcoholic beverages and tobacco.
Inflation rebounded in May, increasing to 2.4% from April’s 2.0%. Consequently, inflation moved above the center of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in May was 1.5%, up slightly from April’s 1.3%.