Czech Inflation Eases Unexpectedly in August

Prague, Czech consumer price inflation eased unexpectedly in August, though marginally, data from the Czech Statistical Office showed on Monday, according to the dpa.

Consumer prices climbed 17.2% year-over-year in August, slower than the 17.5% rise in July. In contrast, economists had expected inflation to increase to 17.7%.

Utility costs alone grew 22.9% annually in August, and transport charges also registered a double-digit growth of 19.1%.

Prices for food and non-alcoholic beverages were 19.6% more expensive compared to last year, and those for clothing and footwear gained 18.8%.

On a monthly basis, consumer prices moved up 0.4% in August versus an expected increase of 0.8%. The monthly increase was contributed by all consumer basket divisions except transport, amid a significant drop in fuel prices.

 

Source: Saudi Press Agency

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