Czech Republic: Inflation stable in October
November 10, 2014
In October, consumer prices rose 0.2% over the previous month, which contrasted the 0.2% decrease registered in September. According to the Czech Statistical Office, October’s increase was due to higher prices for clothing and footwear.
Annual headline inflation in October was stable at September’s 0.7%, thus remaining at the highest rate in nine months. The reading overshot the 0.6% the market had expected. Inflation, nonetheless, is well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.
Author: Dirina Mançellari, Senior Economist