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
Frost hits Hungarian orchards – season starts with price hike and supply shortage
As May marks the last month of spring and the…
Read more >Food inflation in Turkey slowed slightly in April
In Turkey, annual inflation slowed to 37.86 percent, the lowest…
Read more >Eurozone inflation rose slightly in April
Eurozone inflation in April was higher than expected and unchanged…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >Ice cream ferry and battle of Balaton flavors – the Balaton Fagyija election is coming
On May 9th, not only will the ferry between Tihany…
Read more >Food truck season kicks off with a goulash cannon and a dachshund race
Hundreds of years old “food trucks” are arriving at Kincsem…
Read more >