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
Greek Supermarkets Beat European Rivals On Price
Greek supermarkets offer a more affordable average household basket, compared…
Read more >Nestlé cuts jobs at Czech factory amid falling demand for plant-based meat
Nestlé is to cut 80 jobs from its Krupka plant…
Read more >Inflation in Italy accelerated to 1.7 percent in June
In Italy, consumer prices rose by 1.7 percent year-on-year in…
Read more >Related news
Corporate leaders’ commitment to sustainability at record level
According to the latest data from the K&H Sustainability Index,…
Read more >FAO food price index rose slightly in June due to higher prices of meat, dairy products and vegetable oils
The Food and Agriculture Organization of the United Nations (FAO)…
Read more >What can cause the price of a wine to increase tenfold?
There are fewer of them worldwide than the number of…
Read more >