Czech Inflation Eases to 12.7% in April
The Czech Republic's consumer price inflation eased further in April, largely due to a slowdown in the price growth of food items, though it still remained strong overall, data from the Czech Statistical Office (CZSO) showed on Thursday.
Consumer prices climbed 12.7% year-on-year in April, slower than the 15% rise in March.
The overall strong inflation in April was largely driven by a 17.6% surge in utility costs, but the pace of growth has slowed from 20.1% in March.
Prices for food and non-alcoholic beverages grew 17.3% versus a 23.5% spike a month ago, and those of restaurants and hotels advanced 17.5%.
Meanwhile, transport costs dropped further by 1.7% in April amid a sharp fall in fuel prices.
On a monthly basis, consumer prices edged down 0.2%, while they were expected to rise by 0.4%.
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