Czech inflation eases in May

Figures

The Czech consumer price inflation eased less-than-expected in May, data from the Czech Statistical Office (CZSO) shows. The consumer price index (CPI) rose 2.9% year-on-year in May, after a 3.2% increase in April. Economists had expected a 2.6% rise. 

Prices for food and non-alcoholic beverages grew 6.3% annually in May. Prices of alcoholic beverages and tobacco, and housing, water, energy, fuel increased by 5.8% and 3.2%, respectively. Meanwhile, prices in the post and telecommunication group declined by 4.1% and transport cost fell 3.9%. On a monthly basis, consumer prices rose 0.4% in May.

Separate data from the Prague-based agency showed that the import prices rose 0.7% annually in April, after a 0.3% decline in March. Export prices grew 3.1% on a yearly basis in April, following a 1.1% increase in the previous month.

On a monthly basis, import prices rose 1.7% in April and export prices increased 2.2%, CZSO said on June 10.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.