Inflation falls to 0.1 percent in November

Year-on-year inflation in November fell to 0.1 percent from October’s figure of 0.2 percent, according to figures released on Wednesday by the Czech Statistics Office. Last month’s year-on-year rise in consumer prices is the lowest since February, contrary to the expectations of analysists, who predicted a year-on-year inflation rise of 0.4 percent. Compared to October, prices dropped by 0.4 percent, which was the highest month-on-month decline since September 2013. The slowdown of inflation was caused mainly by the fall in prices of foodstuffs, spirits and fuel.