The price soar
is registered to be the highest since July 1998. In spite of the fact that
inflation has not exceeded two-digit numbers, it has significantly impacted the
economy. The prices of a wide range of goods have been rising steadily in
recent months. The main causes for the rise in question are housing expenses,
such as rent and utilities. Moreover, many services have contributed palpably
to the price ascend as well.
strong demand, Czech companies have been taking advantage and increasing their
profit margin, in an attempt to offset their pandemic losses. According to
economic pundits, inflation is to exceed the ten percent threshold in the
following months. Accordingly, the Central bank is expected to raise the
interest rates to 5 %, to halt the steep price increase.