Annual inflation slows to 2.7 percent in February

Annual inflation in the Czech Republic slowed to 2.7 % in February from 2.8 % in January, according to data released by the Czech Statistics Office. The slowdown was mainly due to a decline in fuel and oil prices. Month-on-month, consumer prices rose by 0.2 percent in February. Food and non-alcoholic beverages had the biggest impact on the year-on-year price increase in February. Butter was 41.6 percent more expensive than in February last year, while chocolate and chocolate products rose by almost a third. The price of semi-skimmed, long-life milk was 12.3 percent higher year-on-year and eggs were 18.6 percent more expensive.