Czech Republic: Inflation rises modestly in June
July 12, 2016
In June, consumer prices rose 0.1% over the previous month, which contrasted May’s 0.2% drop. According to the Czech Statistical Office, the print mainly reflected an increase in prices for healthcare, transport, education as well as for restaurants and hotels. Meanwhile, prices dropped for clothing, food and non-alcoholic beverages.
Inflation stabilized in June, remaining at May’s 0.1% and was in line with market expectations. 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 inched down from May’s 0.4% to 0.3% in June.
Author: Luis Lopez Vivas, Economist