Czech Republic: Inflation rises modestly in July
August 9, 2016
In July, consumer prices rose 0.3% over the previous month, which was slightly above June’s 0.1% increase. According to the Czech Statistical Office, the print mainly reflected an increase in prices for recreation and culture as well as for food and non-alcoholic beverages.
Inflation increased in July, climbing to 0.5% from 0.1% in June. 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 July was steady at June’s 0.3%.
Author: Robert Hill, Economist