In July, inflation in the Czech Republic rose to 2.2 percent
Annual inflation in the Czech Republic rose to 2.2 percent in July from 2 percent in June, the Czech Statistical Office announced on Monday in Prague.
According to the statement, the increase in inflation was primarily influenced by the development of food prices. Compared to the previous month, prices rose by 0.7 percent in July, mainly as a result of the increase in the prices of holidays and related services. Czech market analysts predicted 2 percent inflation for July.
“The moderate increase in inflation in July is primarily a consequence of the development of food prices. The rate of decline in food prices has slowed down. In July, they were 3 percent cheaper than a year ago”
Pavla Sedivá, director of the statistical office, pointed out at a press conference.
The evolution of prices in July was also significantly influenced by the fact that housing costs rose by 0.6 percent and services by 4.9 percent on an annual basis.
Related news
The core inflation rate calculated without food and energy prices did not change on a monthly basis in the USA
A várakozások alatt alakult júliusban a termelőiárak emelkedése mind havi,…
Read more >Annual inflation in Romania accelerated to 5.42 percent in July, food prices rose by 1.71 percent
Annual inflation in Romania rose to 5.42 percent in July…
Read more >In June, the growth of retail trade in the Czech Republic accelerated
In June, the growth of retail sales in the Czech…
Read more >Related news
A new office responsible for food safety and retail trade can be established under the leadership of Márton Nagy
A new top organization called the National Trade Office could…
Read more >K&H: Almost two-thirds of businesses are planning development
The majority of domestic micro, small and medium-sized enterprises, 61…
Read more >KSH: industrial production fell by 8.2 percent in June
In June 2024, the volume of industrial production was 8.2…
Read more >