Czech October inflation highest since October 2008
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.
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.