Czech Consumer Price Index for September 2019
The Czech consumer price index (CPI) slowed in September, according to data released by the Czech Statistical Office (CSO).
Czech CPI Year-over-year
The consumer price index grew 2.7% year-over-year in September. The rate is within the Czech National Bank’s target range. Increases in the cost of housing, water, electricity, gas, and other fuels were the main factors cited by the CSO.
Czech CPI Month-over-month
The consumer price index dropped 0.6% from August, the most significant MoM decline in CPI since September 2006, according to the Czech Statistical Office. The CSO attributed the decline to price drops in recreation and culture. Holiday packages, which usually decline at the end of summer, dropped 23.6%. And Non-alcoholic food and beverage, vegetable prices were also down 4.5%.
Czech Inflation rate
The rate of inflation from September 2018 to September 2019 was 2.6%.
Czech Import and Export Prices August 2019
August import and export prices increased in monthly terms according to data published by the Czech Statistical Office. In annual terms, the cost of imports declined and export prices rose.
The price of imports declined by 1.1% annually in August. Mainly due to falling prices for petroleum and gas.
In monthly terms import prices increased by 0.5%. Due to higher machinery and transport equipment prices.
The price of exports grew 0.4% annually in August. As a result of an increase in prices for machinery and energy.
In monthly terms export prices were up 0.6%. Because of higher prices for machinery, manufactured goods.