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%.

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