Czech inflation rate quickens in April
The Czech consumer price inflation rose more than expected in April, data from the Czech Statistical Office (CZSO) showed on Tuesday.
The consumer price index (CPI) rose 3.1% year-on-year in April, following a 2.3% increase in March. Prices for alcoholic beverages, tobacco grew by 13% yearly in April and transport cost gained 9.1%. Health cost gained 3.6%. Prices for restaurants and hotels and education increased by 2.7% and 2.8%, respectively.
On a monthly basis, consumer prices gained 0.5% in April. Separate data from the Prague-based statistical office showed that the import prices rose 1.6% annually in March, while export prices rose 2.5%.
On a monthly basis, import prices increased 2.3% and export prices rose 2.1% in March.
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