Czech inflation speeds up in October

09-11-2016

Czech inflation speeded up in October to 0.8 percent year-on-year from September’s 0.5 percent. Among the main factors for the rise were more expensive clothes and shoes and also alcoholic beverages. On the other hand, the increased prices for petrol and other fuel, which in September exceeded 7.0 percent, fell back to just over 3.0 percent in October. The Czech National Bank has a target inflation rate of 2.0 percent which it needs to approach before it can safely drop its current ‘low crown’ policy.