Czech inflation rises for 5th month in November

Figures

The Czech consumer price inflation accelerated for the fifth month in a row in November, data from the Prague-based Czech Statistical Office (CZSO) revealed on Friday.

Consumer price inflation rose to 6.0% in November from 5.8% in October.

This acceleration of price growth came mainly from higher prices in transport. Cost for transport increased by 13.5% year-on-year in November following the 11.6% gain in October.

Meantime, prices of goods in total and services went up 5% and 7.5%, respectively. In addition, prices for clothing and footwear added 12.4%, cost for health grow by 3.8% and prices for recreation and culture went up by 5.4%.

On a monthly basis, consumer prices gained 0.2% in November, while economists had expected a rise of 0.8%.

ADVERTISEMENT

Takarékbank lowers 2021 GDP growth forecast to 6.9% Analysis

Takarékbank lowers 2021 GDP growth forecast to 6.9%

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New partner announced at act Bán & Karika Attorneys at Law Appointments

New partner announced at act Bán & Karika Attorneys at Law

Gov't Calls for technical screening of László Papp Arena City

Gov't Calls for technical screening of László Papp Arena

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.