Czech Republic: Inflation rises in April
May 12, 2015
In April, consumer prices rose 0.3% over the previous month, coming in above the 0.1% increase registered in March. According to the Czech Statistical Office, April’s surge mainly reflects higher prices for clothing and footwear, transport as well as for food and non-alcoholic beverages.
In April, headline inflation increased from March’s 0.2% to 0.5%, the highest reading in five months. The result slightly overshot the 0.4% rise that the market had expected. Nevertheless, inflation remains well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.