Czech Republic: Inflation rises modestly in August
September 9, 2016
In August, consumer prices fell 0.2% over the previous month, which contrasted July’s 0.3% increase. According to the Czech Statistical Office, the print mainly reflected a decrease in prices for food and non-alcoholic beverages as well as for transport.
Inflation inched up in August, increasing to a four-month high of 0.6% from the 0.5% registered in July. However, inflation still remains well below the lower bound of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Meanwhile, annual average inflation in August was steady at July’s 0.3%.