Inflation grows to 6% y/y; up 0.2% on the month

Published: 13.12.2021 Related countries:  Czech Republic Czech Republic

Inflation is still growing in the Czech Republic.

In November 2021, consumer prices in the Czech Republic increased 6.0% y/y (0.2% m/m), which was 0.2 pp more than in October. The increase in prices has accelerated for the fifth consecutive time, according to data published by the Czech Statistical Office. Prices in the transport section (a rise of 13.5%) had the biggest influence on the increased price level. Prices of goods on aggregate grew 5.0%, while prices of services were 7.5% higher. The inflation rate expressed by an increment to the average index of consumer prices over the past 12 months against the average of the previous period was 3.5%. According to Eurostat data, the Harmonised Index of Consumer Prices in the EU27 changed 4.4% in October, 0.8 pp more than in September.

Source: ČIA NEWS, December 13th, 2021,
Compiled by the team of CzechTrade office in Latvia.