Czech inflation slows in April

Figures

Photo by xtock / Shutterstock.com

The Czech Republic’s inflation eased in April, largely led by a fall in transport costs, data from the Czech Statistical Office (CZSO) shows. 

Photo by xtock / Shutterstock.com

The consumer price index (CPI) rose 3.2% year-on-year in April, after a 3.4% increase in March. Economists had expected a 3.1% rise.

Prices for food and non-alcoholic beverages grew 7.8% annually in April. Prices of restaurants and hotels, and alcoholic beverages and tobacco increased by 5.1% and 4.3%, respectively.

Meanwhile, prices in the post and telecommunication group declined by 4.9% and transport cost fell 3.8%. On a monthly basis, consumer prices fell 0.2% in April.

Separate data from the Prague-based statistical office showed that the import prices fell 0.3% annually in March, following a 3.2% decline in February.

Export prices rose 1.1% yearly in March, after a 3.2% decline in the previous month. On a monthly basis, import prices rose 2.9% in March and export prices increased 4.1%, CZSO said on May 13.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

BFK developing regional cycling strategy City

BFK developing regional cycling strategy

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.