Annual inflation in the Czech Republic rose to 14.2 percent in April

By: Trademagazin editor Date: 2022. 05. 11. 11:02

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Annual inflation in the Czech Republic accelerated to 14.2 percent in April from 12.7 percent in March; higher inflation was last measured in December 1993 at 18.2 percent, the Czech Statistical Office said in Prague on Tuesday.

Czech inflation jumped above 14 percent in April

Inflation was mainly driven by rising housing costs, energy and food prices. The pace of price increases has exceeded financial analysts ’expectations, with forecasts generally predicting price increases of just over 13 percent. Based on April data and the state of the economy, the Czech central bank expects inflation in the Czech Republic to rise above 15 percent in the next month or two. (Kokes János, MTI)