Czechia has fourth highest inflation rate in EU
The Czech Republic presently has the fourth highest inflation rate in the EU, according to data released by the European Statistics Office Eurostat on Friday. Inflation in Czechia is now at 15.2 percent and analysts predict it may peak at 18 percent in July. The Baltic states currently top the inflation ladder in the 27-member block. Estonia has 20.1 per cent inflation, Lithuania 18.5 per cent and Latvia 16.8 per cent. The EU inflation average has now reached 8.8 percent.