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Czech inflation rises further in June

The Czech consumer price inflation rose in June after easing in the previous month, the latest data from the Czech Statistical Office (CZSO) shows. 

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The consumer price index (CPI) rose 3.3% year-on-year in June, after a 2.9% increase in May. In April, inflation was 3.2%.

Prices of alcoholic beverages and tobacco grew 9.6% annually in June. Prices of food and non-alcoholic beverages, and restaurants and hotels gained by 5.4% and 5%, respectively.

Meanwhile, prices in the post and telecommunication group declined by 4.1% and transport cost fell 2.6%. On a monthly basis, consumer prices rose 0.6% in May.

Separate data from the Prague-based statistical agency showed that the import prices fell 0.7% annually in May, reversing a 0.7% rise in April. Export prices grew 2.8% yearly in May, following a 3.1% increase in the previous month.

On month, import prices fell 1.1% in May and export prices decreased 0.1%, CZSO said on July 10.