Czech Inflation Rate Eases in February
The consumer prices in the Czech Republic fell to 16.7% in February from 17.5% in January, figures from the Czech Statistical Office (CZSO) showed on Friday.
Major downward pressure came from cost of housing and utilities (22.2% vs 24.3%), namely electricity (32% vs 36.4% in January) and natural gas (74.3% vs 87%).
Inflation also eased for food and non-alcoholic beverages (23.9% vs 24.8%) and transport (6.9% vs 7.6%).
On the other hand, prices rose at a faster pace for recreation and culture (14.1% vs 13.5%).
On a monthly comparison basis, the consumer price index, or CPI, went up 0.6%, led by a price increase of food and non-alcoholic beverages, especially prices of vegetables which increased by 12.7%, fruit by 2.8%, non-alcoholic beverages by 1.4%.
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.