Inflation at recode low, unemployment grows

Year-on-year inflation in the Czech Republic decreased to some 0.5 percent in July against the previous 1.2 percent figure, mainly due to lower prices of food and gas, the ctk news agency reported on Wednesday. Although the inflation figure is at a record-low analysts are not ruling out a further drop in August. Meanwhile, unemployment grew from 8 percent in June to 8.4 percent in July.