Annual inflation eases to 0.5 percent in February

The rate of year-on-year inflation slowed in February to 0.5 percent from January’s 0.6 percent, according to figures released by the Czech Statistical Office released on Wednesday. One of the main factors for the slowdown were weaker price rises for alcohol and tobacco and more moderate cost increases for utilities and housing. Prices rose 0.1 month-on-month. The inflation figure is well below the target rate of the Czech National Bank of 2.0 percent.

Author: Chris Johnstone