(RTTNews) - Inflation in Czech Republic accelerated in December after remaining steady in the previous two months, figures released by the Czech Statistical Office showed Monday.The strongest price growth was recorded in transportation segment with the prices of automotive fuels climbing 16.6% annually, much faster than the 10.8% increase in November.
Prices of food and non-alcoholic beverages grew 5.6% year-on-year, the fastest pace since January 2008, the statistical office said. This also contributed to overall price growth.
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Czech Inflation Accelerates More Than Forecast In December
(RTTNews) - Inflation in Czech Republic accelerated in December after remaining steady in the previous two months, figures released by the Czech Statistical Office showed Monday.
Inflation rose to 2.3% in December from 2% in November. Economists had forecast inflation to rise to 2.2%.
The strongest price growth was recorded in transportation segment with the prices of automotive fuels climbing 16.6% annually, much faster than the 10.8% increase in November.
Prices of food and non-alcoholic beverages grew 5.6% year-on-year, the fastest pace since January 2008, the statistical office said. This also contributed to overall price growth.
Prices of clothing and footwear prices, on the other hand, were 3.8% lower than a year earlier. On a month-on-month basis, consumer prices rose 0.5%, more than the 0.4% forecast by economists. In November, prices grew 0.2% month-on-month.
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