Eurostat: Czechia’s inflation second highest in EU

Inflation in the European Union went down October, reaching 3.6 percent, compared to 4.3 percent in September. Inflation also went down in Czechia, where it lay at 9.5 percent.

However, just like in January, the Central European state remains the country with the second highest inflation rate in the EU, behind Hungary. Countries with the lowest inflation rates in October include Belgium, the Netherlands and Denmark.

A year ago, the inflation rate across the European Union was 11.5 percent and 15.5 per cent in the Czech Republic.

Author: Ruth Fraňková