Czech annual inflation sticks at 0.2 in March

The annual rate of Czech consumer price inflation stayed at 0.2 percent in March, unchanged from its rate in February, the Czech Statistics Office announced on Wednesday. Price rises were slightly lower than most economic analysts expected. The biggest factors in pushing up prices were the cost of food and non-alcoholic drinks. Ongoing cuts in the price of electricity and natural gas forced through by the national energy regulator last year have helped to subdue inflationary pressure. The latest figures will again tend to vindicate the Czech National Bank’s assertion that its weak crown policy is not pushing up prices for consumers.

Author: Chris Johnstone