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Czech inflation eases in October

The Czech consumer price inflation eased in October, data from the Czech Statistical Office (CZSO) showed on Tuesday. 

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The consumer price index (CPI) rose 2.9% year-on-year in October, after a 3.2% increase in September. Prices for alcoholic beverages and tobacco grew 9.4% yearly in October and those of restaurants and hotels, and clothing and footwear rose by 4.4%. Cost for clothing and footwear, as well as restaurants and hotels increased by 4.2% and 4.5%, respectively.

Meanwhile, prices in the post and telecommunication group declined by 3.2%. On a monthly basis, consumer prices rose 0.2% in October. Separate data from the Prague-based office showed that the import prices fell 1.3% annually in September, following a 2.9% decline in August.

Export prices rose 0.9% yearly in September, after a 0.5% fall in the previous month. On a monthly basis, import prices and export prices rose by 1.9%, each in September.