Further acceleration in price rises recorded in July

Price rises in various sectors of the Czech economy continued to accelerate in July, according to data released by the Czech Statistics Office on Tuesday.

Prices in the agriculture sector rose by 39.8 percent year-on-year and in the industry sector prices rose by 26.8 percent. Meanwhile, in the construction sector, prices grew year-on-year by 13 percent.

Compared to the previous month, price development in July was relatively stable, with the exception of the agriculture sector, which saw a month-on-month drop of 3.6 percent.