Czech Republic: Inflation stabilizes in January
January 9, 2015
In January, consumer prices rose 0.1% over the previous month, contrasting the 0.1% decrease registered in December. According to the Czech Statistical Office, January’s increase mainly reflects higher prices for beverages, food and tobacco as well as recreation and culture.
In January, annual headline inflation remained at December’s 0.1%, which had marked the lowest rate in six months. The reading overshot the 0.2% decline that the market had expected. Inflation remains well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.
Author: Dirina Mançellari, Senior Economist