Czech inflation and unemployment down in April

Food

The Czech Republic’s inflation and unemployment rates were both down in April, according to government data released Monday.

Inflation fell below the 7% level for the first time in 2008, Czech statisticians said. Consumer prices dropped to 6.8% year-on-year in April from 7.1% the previous month and a nine-year peak of 7.5% in January. The April data confirmed forecasts that inflation was falling back from the peak caused earlier this year by the introduction of direct payments in health care, the deregulation of rents, and higher food and energy prices, the Czech National Bank said.

The country’s unemployment rate was down to a nine-year low of 5.2% in April from 5.6% in March, the Labor and Social Affairs Ministry said. An influx of foreign car and electronics makers in recent years has caused the Czech economy to boom but also to suffer from labor shortages. (m&c.com)

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Gastronomy