FX.co ★ Czech Inflation Remains Stable At 2.8%

In November, inflation rates in the Czech Republic remained unchanged after reaching a six-month peak the previous month, according to data released by the Czech Statistical Office on Tuesday.

Year-over-year consumer prices rose by 2.8 percent, maintaining the same rate as in October. Economists had anticipated a slight increase to 3.0 percent, but this did not materialize.

Examining various sectors, annual price growth in housing and utilities saw a slight reduction, easing to 4.2 percent from 4.6 percent. Conversely, the cost of food and non-alcoholic beverages increased more significantly, climbing by 0.9 percent compared to a modest 0.1 percent rise in October.

Additionally, transportation expenses experienced a marginal rebound of 0.1 percent in November. This change is attributed chiefly to a deceleration in the reduction of fuel and lubricant prices for personal transport vehicles.

On a month-to-month basis, there was a modest increase in consumer prices by 0.1 percent, contrary to forecasts that anticipated a 0.2 percent rise.