Czech Republic: Inflation slips in April
May 13, 2020
Consumer prices slid 0.2% from the previous month in April, following March’s 0.1% dip. Data released by the Czech Statistical Office (CSO) revealed that April’s decline was mainly driven by a sharp drop in fuel prices.
Meanwhile, inflation dropped to 3.2% in April from 3.4% in March. Despite the dip, it remained above the Central Bank’s 1.0%–3.0% tolerance range, where it has been for the past six months. Lastly, annual average inflation held steady at previous month’s 3.1%.
Author: Javier Colato, Economist