Czech Inflation Increases Further in July
Photo by xtock / Shutterstock.com
The Czech consumer price inflation continued to its rising trend in July, according to data from the Prague-based Czech Statistical Office (CZSO).
Consumer prices climbed 17.5% year-on-year in July, following a 17.2% rise in June.
Utility costs alone grew 23.1% annually in July, and transport charges also registered a double-digit growth of 23%.
Prices for food and non-alcoholic beverages were 19.3% more expensive compared to last year, and those for restaurants and hotels gained 23.5%.
On a monthly basis, consumer prices moved up 1.3% in July, which was the lowest rate of increase in five months.
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.