Czech inflation surges in August

Figures

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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