Consumer prices fall in October

Consumer prices fell in October by 0.2 of a percentage point compared with October 2008 in what is the first year on year fall in prices since August 2003, the Czech Statistical Office announced on Monday. The drop was largely thanks to lower housing costs and cheaper natural gas. Prices also fell by 0.2 of a percentage point compared with September. The latest figures take average inflation over the last 12 months to 1.6 percent compared with September’s figure of 2.1 percent.

Author: Chris Johnstone