At the same time, the majority of food became cheaper in the Czech Republic as well
Annual inflation in the Czech Republic dropped to two percent in February from 2.3 percent in January, the Czech Statistical Office announced on Monday in Prague.
Annual inflation has been gradually decreasing since February 2023 from the then 16.7 percent.
The two percent annual inflation corresponds to the target value set by the Czech National Bank. The last time inflation was at such a low level in the Czech Republic was in December 2018. In a monthly comparison, prices were 0.3 percent higher in February.
Compared to the situation a year ago, household costs are currently higher, and you have to pay more in restaurants and commercial accommodation as well. At the same time, the majority of foodstuffs became cheaper, such as eggs, flour, sugar and poultry meat.
Related news
6 out of 10 companies are planning a price increase
According to the results of the April half-year business cycle…
Read more >The food market is also feeling the extreme weather
In Hungary, it is expected that the price of flour…
Read more >Retail traffic and residential consumption may slowly recover
The development of retail sales and the recovery of household…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >