Czech Inflation Picks up in October
The annual inflation rate in the Czech Republic rose to 8.5% in October from a 22-month low of 6.9% in the previous month, data released by the Czech Statistical Office (CZSO) on Friday show.
Main upward pressure came from housing & utilities (19.6% vs 8.9% in September).
On the other hand, inflation eased particularly for food & non-alcoholic beverages (3.7% vs 6%), recreation & culture (7.7% vs 8.7%), restaurant & hotels (9.2% vs 10.3%), clothing & footwear (7.9% vs 9.2%), and communication (3.3% vs 4.3%).
Additionally, transport costs decreased by 2.2%, following a 0.2% rise in September. On a monthly basis, consumer prices advanced by 0.1% in October, after a 0.7% fall in the previous month.
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