November inflation rate at 16.2 percent

The inflation rate rose to 16.2 percent year-on-year in November, up from 15.1 percent in October, the Czech Statistics Office reported. The inflation was driven by higher costs of housing,  food and non-alcoholic beverages, alcoholic beverages and tobacco.  Meanwhile, prices slowed down in the areas of transport, recreation and miscellaneous goods and services. On a monthly basis, consumer prices increased by 1.2 percent, after a 1.4 percent decline in October.