Czech inflation rises to 1.9 percent in August

Consumer prices in Czechia rose 1.9 percent year-on-year in August, up from 1.7 percent in July. Month-on-month, prices increased by 0.3 percent, the Czech Statistics Office said on Thursday, confirming its preliminary estimate from last week.

Fuel prices rose the most, while food prices fell. Long-life milk and pork were almost a quarter cheaper than a year earlier, while butter cost nearly two-fifths less.

Analysts told the Czech News Agency that falling food prices are currently helping to keep inflation down, but their impact is expected to fade soon.