Czech inflation eases, retail sales fall further

Figures

The Czech consumer price inflation eased for the fifth straight month to 2.3% in December of 2020, slower than the 2.7% increase in November, data from the Czech Statistical Office (CZSO) showed on Wednesday.

Prices for alcoholic beverages and tobacco grew 10.7% yearly in December, and cost for health and education increased 3.2% and 3.0%, respectively. Meanwhile, prices in the post and telecommunication group declined by 1.2% and prices for food and non-alcoholic beverages fell 0.1%. On a monthly basis, consumer prices fell 0.2% in December.

Separate data from the Prague-based agency showed that the import prices fell 0.9% annually in November, after a 0.6% rise in October. Export prices rose 2.0% yearly in November, following a 3.2% growth in the previous month. On a monthly basis, import prices and export prices declined by 1.8%, each, in November. Another report from CZSO showed that retail sales declined a calendar adjusted 5.3% annually in November, followin g a 0.7% fall in October. On a non-adjusted basis, sales decreased 7.0% y-o-y. On a monthly basis, retail sales decreased a seasonally adjusted 5.6% in November.

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