Czech inflation reaches 17.2 percent

Inflation in Czechia reached 17.2 percent year-on-year in June, up from 16 percent the previous month, according to official data published on Wednesday. The price of foodstuffs increased the most.

It is the 12th month in a row that inflation has risen in the country.

The chief economist of Roklen, Pavel Peterka, told Novinky.cz that he expected Czech inflation to attack the 20 percent mark in July and August.

Labour and Social Affairs Minister Marian Jurečka said on Wednesday that he expects inflation to continue growing in Czechia for some months more. He told journalists that the government’s economic advisory council NERV has been discussing further amendments to the countries social system and raising pensions. These measures would kick in at the beginning of next year, he said. The results of the talks will be presented to the government.