Consumer prices climbed 2.3% year-on-year in January, much slower than the 6.9% rise in December. This was the weakest inflation since March 2021, the Prague-based agency said. The annual price growth in utilities eased markedly to 3.1% in January from 16.8% in December.
The decline in prices of food and non-alcoholic beverages deepened to 3.9% from 0.3%. Meanwhile, transport charges rebounded 0.4% after a 0.2% drop seen in December. On a monthly basis, consumer prices rose 1.5% in January, versus an expected increase of 2%.
The monthly upturn was mainly attributed to higher utility costs, especially electricity charges.
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