Inflation down to two percent in June

Year-on-year inflation in Czechia slowed to two percent in June, down from 2.6 percent in May, according to figures released by the Czech Statistics Office on Wednesday. Month-on-month, prices fell by 0.3 percent. June's development was mainly influenced by lower growth in fuel prices and cheaper holidays and food.

Czechia improved significantly in the European inflation rankings in June. It had the 11th lowest inflation of the 41 countries surveyed, while in May it had the 23rd highest inflation, according to an analysis by investment platform Portu.

Author: Ruth Fraňková