April Czech inflation rate highest in almost 30 years

The Czech Republic saw year-on-year inflation of 14.2 percent in April, according to official data released on Tuesday. It was the highest such jump in consumer prices since December 1993.

The rise in the inflation rate was mainly caused by higher prices of accommodation, fuels and foodstuffs.

Analysts had expected an increase of just over 13 percent.

March saw a 12.7 percent rise in the inflation rate.

Author: Ian Willoughby