Year-on-year growth of consumer prices in the Czech Republic accelerated moderately

Published: 20.08.2020 Related countries:  U.S.A. U.S.A.

Year-on-year growth of consumer prices in the Czech Republic accelerated moderately

Consumer prices in July increased by 0.4 % compared with June. This development came primarily from a price increase in 'recreation and culture'. The year-on-year growth of consumer prices amounted to 3.4 % in July, which was 0.1 percentage points up on June. According to preliminary data of Eurostat, the year-on-year change in the average harmonized index of consumer prices (HICP)1) in the EU27 member states amounted to 0.7 % in June (0.2 percentage point up on May). The rise in prices was the highest in Poland (3.8 %) and Czechia (3.4 %). On the other hand, price reduction occurred in 10 EU countries, the deepest in Cyprus (−2.2 %) and in Greece (−1.9 %).

Source: https://www.czso.cz/csu/czso/ari/consumer-price-indices-inflation-july-2020

Prepared by the team of foreign office CT New York