Inflation increased moderately in October in the Czech Republic
Inflation in the Czech Republic increased by 0.3 percent from September to October, which stands at 2.8 percent on an annual basis, the Czech Statistical Office announced on Monday in Prague. Some foods became more expensive, primarily butter and chocolate, household expenses were higher, while fuel became cheaper.
The development of consumer prices corresponds to the expectations of market and economic analysts. “The moderate increase in consumer prices continued in October. On the other hand, fuel prices have been falling for the third month already,” Pavla Sedivá, director of the statistical office, pointed out at a press conference. The price of fuels and oils in October was 11.4 percent lower than a year ago.
Household expenses were primarily increased by a 10.5 percent increase in the price of electricity and an 8.3 percent increase in the price of heating and hot water.
Restaurant prices rose by 6.9 percent on an annual basis in October, and hotel room prices by 9 percent.
As for foodstuffs, butter rose in price by 40.6 percent and chocolate by 14.4 percent.
The price of products was 1.3 percent higher in October, and the price of services was 5.3 percent higher than a year ago.
Related news
Colliers: Central and Eastern European commercial real estate market recovery continued in the first quarter
The Central and Eastern European commercial real estate market continued…
Read more >Only two EU countries have higher inflation than Hungary
The European Inflation Outlook of the Private Banker compared the…
Read more >Consumer prices in the euro area rose by 2.2 percent in April, following March
The annual inflation rate in the euro area was 2.2…
Read more >Related news
A new era in the global economy? – New challenges for our country
May 2025 brought an acceleration of change in the global…
Read more >This is how you can keep your hair and skin healthy during the approaching summer heatwave
Styling, dyeing and blow-drying can all weaken the internal structure…
Read more >New cycle, stable operation, unchanged direction – ÖRT management has received trust
The General Assembly of the Hungarian Self-Regulatory Advertising Board (ÖRT)…
Read more >