Czech inflation rate quickens in March

Annual inflation speeded up to 2.3 percent in March from February’s 2.0 percent, the Czech Statistical Office announced on Thursday. Analysts say the latest figure is higher than Czech National Bank expectations but they say the outlook is for the pace of price rises to slacken over the next months. The higher cost of tobacco and alcohol as well as increased charges for fuel and housing were among the biggest factors pushing up prices in March, the statistical office said.

Author: Chris Johnstone