ADVERTISEMENT

Czech inflation stable in August

Figures

Czech consumer prices increased at a steady pace in August, the Czech Statistical Office (CZSO) said in a statement. Inflation came in at 2.9% in August, the same rate as seen in July. Inflation had been forecast to ease to 2.8%.

The cost of housing, water and electricity provided the highest positive contribution, while clothing and footwear dropped 3%, contributing negatively, the CZSO said. Prices of goods and services advanced 2.5% and 3.8%, respectively. Month-on-month, consumer prices gained 0.1% in August.

In a separate statement, the statistics agency said that import prices declined at a faster pace of 1.7% annually in July, after easing 0.7% in June. Month-on-month, import prices slid 0.4% in July.

At the same time, export prices decreased 0.5% year-on-year, in contrast to a 0.1% rise in June. Export prices fell 0.2% from June. 

ADVERTISEMENT

Czech economic confidence improves in May Analysis

Czech economic confidence improves in May

Ministers in new Orbán gov't sworn in Parliament

Ministers in new Orbán gov't sworn in

Spring’s allergy season - the heat is on Interview

Spring’s allergy season - the heat is on

Airport bus fare could rise to HUF 1,500 City

Airport bus fare could rise to HUF 1,500

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.