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Czech inflation slows in November

Figures

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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