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Czech October inflation highest since October 2008

Figures

Photo by Janusz Pienkowski / Shutterstock.com

Czech consumer price inflation rose to 5.8% year-on-year in October from 4.9% in September, the highest since October 2008, data from the Czech Statistical Office (CZSO) on Wednesday show.

The biggest influence on the growth of the year-on-year price level in October came from prices in 'housing, water, electricity, gas and other fuels', the Prague-based agency said.

Price growth of materials and services for the maintenance and repair of the dwelling accelerated to 8.5% and prices of solid fuels to 3.4%.

Cost for electricity increased by 3.1% and natural gas prices advanced 2.6%. Prices of goods in total and services went up 5.4% and 6.6%, respectively.

On a monthly basis, consumer prices gained 1% in October. 

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