Czech inflation surges in August
The Czech consumer price inflation rose in August, data from the Czech Statistical Office (CZSO) showed on Friday. The consumer price index (CPI) rose 4.1% year-on-year in August, following a 3.4% increase in July.
Prices for alcoholic beverages, tobacco grew by 6.6% yearly in August and clothing and footwear cost gained 8.1%.
Prices of restaurants and hotels gained by 4.7% and those for transport prices rose 8.6%. On a monthly basis, consumer prices gained 0.7% in August.
Data from the Prague-based statistics agency also showed that the export prices gained 7.7% annually July and rose 3.1% from a month ago. Import prices accelerated 7.9% yearly in July and gained 2.4% a month ago.
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