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September 10, 2019 5:50 pm | FILED UNDER: business

Inflation Stable At 2.9% In August: CSO

By William Malcolm Czech National Bank

Czech consumer prices increased 2.9% in August, remaining within the Czech National Bank’s target range.

Goods and Services Prices

Prices of goods and services rose 2.5% and 3.8%, respectively.
Month-on-month, consumer prices gained 0.1 percent in August.

Import and Export Prices

Import prices declined at 1.7% annually in July, while export prices dropped 0.5% y/y. Export prices fell 0.2 percent from June.

Factors

The Czech statistics office attributed the results to a price increase in “alcoholic beverages, tobacco and in housing, water, electricity, gas and other fuels.”

 

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