Annual inflation in the Czech Republic dropped to eight percent
Annual inflation in the Czech Republic dropped to 8 percent in July from 9.7 percent in June, the Czech Statistical Office announced on Thursday in Prague. In a monthly comparison, prices were 0.5 percent higher in July than in June.
“In July, the growth of consumer prices continued to moderate. This was primarily due to food prices. The increase in the price of food was 9.5 percent in July. So the slowdown in the price of food continues. Compared to June, the prices of food decreased by 0.8 percent”
– pointed out Pavla Sedivá, director of the statistical office.
Lower inflation was last measured in the fall of 2021 in the Czech Republic. Before that, however, inflation in the Czech Republic was always well below ten percent for more than ten years.
Related news
The unexpectedly low inflation in June surprised analysts
The Hungarian inflation data published this week caused a pleasant…
Read more >Food prices rose at an accelerating rate in Germany
Inflation in Germany slowed down in June, according to the…
Read more >Food prices rose by 1.1 percent in Romania
Annual inflation in Romania fell to 4.9 percent in June,…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >