Potatoes and vegetables became more expensive in the Czech Republic

In July, annual inflation in the Czech Republic accelerated to 2.9 percent from the 2.7 percent in June – the Czech Statistical Office announced in Prague on Monday. Analysts expected inflation of 2.8 percent.

The increase in inflation was mainly due to rising housing costs, higher electricity prices, higher prices for vegetables and meat. At the same time, fuel prices fell in July.

According to market analysts, the faster rise in prices in July is the result of a faster rise in wages. In the long term, inflation in the Czech Republic is expected to decline. (Kokes János, MTI)