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Czech inflation slows in September

The Czech consumer price inflation eased marginally in September, data from the Czech Statistical Office (CZSO) showed this week.

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The consumer price index (CPI) rose 3.2% year-on-year in September, after a 3.3% increase in August. Prices for restaurants and hotels, and clothing and footwear rose by 4.7% and 4.6%, respectively. Cost for food and non-alcoholic beverages and miscellaneous goods and services increased by 3.4%, respectively.

Meanwhile, prices in the post and telecommunication group declined by 3.5% and transport cost remained unchanged. On a monthly basis, consumer prices fell 0.6% in September.

Separate data from the Prague-based office showed that the import prices fell 2.9% annually in August, following a 1.4% decline in July. Export prices fell 0.5% yearly in August, after a 1.2% increase in the previous month.