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, www.cianews.cz/en
Compiled by the team of CzechTrade office in Latvia.