Inflation in Czechia held at 2.1% in December as service costs continued to grow

Consumer prices in Czechia rose by 2.1% in December, the same as in November. This is according to a preliminary estimate released on Wednesday by the Czech Statistical Office (ČSÚ). The inflation rate was slightly above that of the eurozone, which stood at 2%, according to Eurostat data.

Analysts say that steady prices for energy and food have helped keep overall inflation under control. However, they are concerned about the rise in service costs. While prices for goods in Czechia increased by 0.4% year-on-year, with the pace of growth easing slightly in December, service prices rose by 4.8%. As in previous months, the only category to see a fall in prices was energy, including fuel, which fell by an estimated 4.2%.