Czech inflation accelerates further in April
Czech consumer prices surged 14.2% year-on-year in April, following a 12.7% rise in March, led by rising prices for housing, fuels and food, data from the Czech Statistical Office (CZSO) showed on Tuesday.
The latest inflation was the most in last three decades, when in December 1993 the yearly price growth reached 18.2%, according to the statistics agency.
Transport costs alone grew 21.5% yearly in April and prices for food and non-alcoholic beverages climbed 10.7%. Prices of goods in total and services rose 15.3% and 12.1%, respectively.
On a monthly basis, consumer prices increased 1.8% in April.
A separate report from the Prague-based agency showed that retail sales in the Czech Republic rose a calendar-adjusted 5.4% year-on-year in March, faster than a 4.1% increase seen in February.
The recent upturn was mainly driven by an 8.4% sales growth in non-food stores, which were closed last year as result of anti-epidemic measures. On a monthly basis, retail sales dropped 0.1% in March.
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