Czech consumer prices stagnated in a year-on-year as well as month-on-month comparison in June after rising by 0.4 percent annually in May, the Czech Statistics Office said on Wednesday. The result was influenced mainly by a drop in prices of food and non-alcoholic beverages. A drop in inflation from 0.4 percent in May was generally expected, but a decrease all the way to a zero level is a surprise, analyst Patrik Rožumberský of UniCredit Bank told the ctk news agency. The board of the National Bank expects that the growth of consumer prices will be near the bank’s 2 percent inflation target for next year.
Collapse of Prague footbridge raises concerns regarding state of other bridges
Some like it hot: Czech Republic sees rise in number of household saunas
ANO leader Andrej Babiš appointed Czech prime minister
Czech wage rises continue apace, low earners seeing larger increases
Czech protesters run out of patience as Prague brutalist building faces demolition