Czech inflation accelerated to 2.5 percent in October

Annual inflation in Czechia accelerated to 2.5 percent in October from 2.3 percent in September, the Czech Statistical Office confirmed, matching its preliminary estimate from last week. The increase was driven mainly by higher food prices. Month-on-month, consumer prices rose by 0.5 percent. “The development of consumer prices in October was again significantly affected by food and non-alcoholic beverages, which accelerated their year-on-year growth to 3.6 percent. Compared to the previous month, their prices rose by 1.1 percent,” said Pavla Šedivá, head of the consumer price statistics department at the Czech Statistical Office.