Consumer prices in the Czech Republic rose by 2.1 percent in 2018. It was the third highest average annual rate of inflation in ten years, according to the Czech Statistical Office.
The cost of basic necessities, such as food, housing and transport, accounted for the largest part of the increase, along alcohol and tobacco.
Consumer prices in December increased by 0.1 percent compared with November, driven mainly by price increases in food and non-alcoholic beverages.
The Czech National Bank has set an annual average inflation rate target of 2 percent and last year raised the base interest rate five times to tame inflation.
Bank governor Jiří Rusnok said further tightening of monetary policy is likely this year.
Remnants of medieval wall dating back to 1041 unearthed in Břeclav
Measures taken as over 60 percent of Czech Republic hit by extreme drought
Beer, schnitzel and mushroom picking – unique set of emojis captures Czech soul
Barbora Strýcová, 33, in “best form” ahead of Wimbledon semi-final against Serena Williams
Gene Deitch, Part 1: The Oscar-winning US animator who made Tom and Jerry cartoons in communist Prague