Czech inflation slows in November
The Czech consumer price inflation eased in November, data from the Czech Statistical Office (CZSO) showed last week.
The consumer price index (CPI) rose 2.7% year-on-year in November, slower than the 2.9% increase in October.
Prices for alcoholic beverages and tobacco grew 9.7% yearly in November and those of restaurants and hotels rose by 4.3%. Cost for clothing and footwear, and health increased by 3.7% and 3.3%, respectively. Meanwhile, prices in the post and telecommunication group declined by 1.4%. On a monthly basis, consumer prices remained unchanged in November.
Separate data from the Prague-based agency showed that the import prices fell 0.6% annually in October, following a 1.3% decline in September. Export prices rose 3.2% yearly in October, following a 0.9% rise in the previous month.
On a monthly basis, import prices and export prices rose by 1.6% and 1.5%, respectively, in October.
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