Czech inflation eases, retail sales fall further
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.
MET Group Records 2nd Most Profitable Year in 2023
Hungary to Address Future of Cohesion Policy During EU Presi...
AI may Save Hungarian Healthcare, Says Leading Doctor
Time Out Market to Open in Budapest Next Year
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.
