Growth in consumer prices slowed in May

Growth in consumer prices slowed to 3.2% in May from April´s 3.5% and was the lowest this year, the Czech Statistical Office has announced. Compared with April, prices overall rose by 0.2% due to higher food prices. Analysts estimated the year-on-year fall in inflation at 3%. The deceleration in the year-on-year price growth came from prices in food and non-alcoholic beverages, where the price growth of bread and cereals slowed down to 2.1% from April´s 10%. Prices of eggs were 57% higher (almost 63% higher in April). Fuel prices increased by 5.7%, while in April they rose by 7.6%.