Česká verze stránek
United Kingdom
Inflation in the Czech Republic stabilised at 2.8 % in November, ranking 15th among European countries
Consumer prices in the Czech Republic rose by 2.8 % year-on-year in November, leaving annual inflation unchanged compared to October. Compared to the previous month, prices rose by 0.1 per cent, the Czech Statistical Office said.
In the
international comparison of inflation, the Czech Republic had neither improved
nor worsened compared to October. Czechia currently has the 15th highest
inflation out of 41 European countries monitored, according to an analysis by
the investment platform Portu. Compared with neighbouring countries, price
growth in the Czech Republic was more moderate than in Poland, where inflation
reached 4.6 per cent, and in Slovakia, where it was 3.1 per cent. In contrast,
inflation in Germany was 2.2 per cent and 1.9 per cent in Austria.
According
to the CZSO, housing prices continued to have the most significant impact on
the year-on-year price growth in the Czech Republic in November, as they rose
by 6.3 per cent.
The Czech
Republic is thus gradually emerging from the inflationary crisis that has
plagued the country in recent years. Next year, a gradual slowdown in price
level growth towards the CNB's 2 % target is expected.
Source: ČTK
Prepared by the CzechTrade London team
