Czech Inflation Rate Eases in November

Figures

The annual inflation rate in the Czech Republic eased to 7.3% in November from 8.5% in the previous month, figures from the Prague-based Czech Statistical Office (CZSO) showed on Monday.

Main downward pressures came from lower inflation for housing & utilities (17.0% vs 19.6% in October), food & non-alcoholic beverages (1.5% vs 3.7%), and alcoholic beverages & tobacco (5.9% vs 6.1%).

Additionally, prices continued to decline for transport (-2.3% vs -2.2%), as costs went down for cars and fuels & lubricants for personal transport equipment.

On a monthly basis, consumer prices grew 0.1%, the same pace as in the prior period.

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