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.
My Prague – Rob Cameron
Agencies abuse Czech visa system in Ukraine to fuel booming illegal business
Hockey legend Jaromír Jágr turns 45
Marie Iljašenko: a European poet
New documentary celebrates Czechoslovak war hero, RAF pilot Emil Boček
Jan Antonín Baťa always said he put his people first, says granddaughter Dolores Bata Arambasic
Academic Michael Smith: Czech govt. is supporting education of well-off through “free” universities