Czech Republic: Inflation remains unchanged in February
March 9, 2015
In February, consumer prices rose 0.2% over the previous month, coming in slightly above the 0.1% increase registered in January and marking the highest reading in seven months. According to the Czech Statistical Office, February’s increase mainly reflects higher prices for alcoholic beverages and tobacco as well as for recreation and culture.
In February, annual headline inflation remained at January’s 0.1%. The reading contrasted the 0.1% decline that the market had expected. Inflation remains well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.
Author: Dirina Mançellari, Senior Economist