March yearly inflation climbs to 0.2 percent

Prices in March climbed by 0.2 percent compared with the same month a year earlier and by 0.1 percent compared with February, the Czech Statistics Office announced on Thursday. The year-on-year inflation rate is slightly higher than the 0.1 percentage rate over the last three months. The main factors fuelling price rises in March were transport costs, alcohol, and tobacco. The Czech National Bank is closely following the inflation rate for signs that current very low rates are rising, which could eventually prompt a change in policy.

Author: Chris Johnstone