The Czech Statistical Office reported that inflation slowed to 2.7% in February from 2.8% in January, largely driven by lower fuel and oil prices. However, food and non-alcoholic beverages pushed inflation upward, with butter prices surging by over 40% and chocolate nearly 30% year-on-year.

Housing-related costs rose, including rent (+6.7%) and heating (+4.1%), while electricity and gas prices declined. Clothing and footwear prices fell for the fifth consecutive month. Month-on-month, prices increased by 0.2%, mainly due to higher costs in recreation, culture, and transport. Despite easing inflation overall, the mixed trends show continued pressure on Czech consumers, especially in food and housing.

Prepared by team CzechTrade Israel

Source: E15