Czech Republic: Inflation remains timid in December
January 12, 2016
In December 2015, consumer prices fell 0.1% over the previous month, which followed November’s 0.4% decline. According to the Czech Statistical Office, the print mainly reflected lower prices for food and non-alcoholic beverages as well as for transport.
In December, inflation came in at 0.1%, meeting market expectations and mirroring November’s reading, which had marked a nine-month low. As a result, inflation closed 2015 below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.