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)
Related news
GKI is more pessimistic than the government about growth, inflation and public finances
GKI hasn’t changed its 2-2.5% growth forecast for 2024. However,…
Read more >For the green transition, some raw materials can cover the need in Hungary to a certain extent
In Hungary, there are raw materials from which the need…
Read more >Tesco faces uncertain future in Central Europe
Tesco’s business in Central Europe faces significant challenges. In its…
Read more >Related news
What do shoppers say about the new retail tools?
At the beginning of the year, Consumer Panel Hungary GfK–YouGov asked panel…
Read more >Special foods ranking: 1. Diabetic, 2. Low-carb, 3. Lactose-free
Different special diets and foods are frequently discussed, and it…
Read more >Community in the community
The recent MasterWorks business workshop of Hungarian Product Nonprofit Kft.…
Read more >