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Czech Inflation Slows Further in June

Figures

Consumer price inflation in the Czech Republic eased for the sixth month in a row to its lowest level since December 2021, preliminary figures from the Prague-based Czech Statistical Office (CZSO) showed Thursday.

The consumer price index (CPI) rose 8.8% year-on-year following a 9.7% increase in June. The slowdown in inflation was mainly due to slower rate of increase in prices of food and utilities.

Prices moderated for housing & utilities (13.2% vs 14.4% in June), restaurants & hotels (12.8% vs 13.8%), clothing & footwear (11.1% vs 11.2%), recreation & culture (10.4% vs 10.6%), food & non-alcoholic beverages (9.5% vs 12%), miscellaneous goods & services (8.8% vs 10.4%). Transport costs also decreased (-5.7% vs -5.8%).

Meanwhile, inflation increased for alcoholic beverages & tobacco (7.2% vs 6.5%) and communication (5% vs 3.9%); while remained unchanged for health (at 9%). On a monthly basis, consumer prices advanced 0.5%, meeting expectations, following a 0.3% in rise in June.

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