Year-on-year consumer price inflation slowed to 2.3 percent in September from 2.5 percent in August. Analysts, on the other hand, expected an acceleration. Compared to last September, housing, as well as food and beverages, grew. The Czech Statistical Office (CSO) said October 10th. Analysts, on the contrary, expected an acceleration in inflation, to 2.6 percent. Against August, consumer prices declined by 0.3 percent. Analytics say that this is the biggest price drop since November 2015.
As expected, the introduction of discounts for young people and seniors has slightly reduced transport prices, food has been expected to be offshore, seasonal fashion has also been priced in stores with higher prices. However, if anything is considered exceptional, it is a drop in holiday prices, which decreased by 22 percent. Food prices in September rose for 1.4 percent compared to the previous year, mainly due to more expensive vegetables. Fuel prices are up to 11.5 percent in year-on-year.