Inflation stabilises at 1.2 percent but seen rising

Consumer price inflation in June was 1.2 percent compared with the same month a year earlier, according to the Czech Statistical Office. That level is unchanged from the rate in May but around twice the inflation rate of the first few months of the year. The main factors pushing prices up were the higher cost of food, drink and recreation. But clothes and shoe prices fell. Experts expect the trend of rising prices to continue but not exceed the central bank’s guidelines.

Author: Chris Johnstone