Czech inflation rises to 3.0% in December

According to the Czech Statistical Office, consumer prices increased by 3.0% year-on-year in December, up from 2.8% in November. This acceleration was mainly due to higher prices in food and non-alcoholic beverages, and transportation. Notably, egg prices rose by more than 36%, oils and fats by nearly 17%, and non-alcoholic beverages by almost 6%. In transportation, the decline in fuel prices slowed to 2.6% from 7.6% in November. Housing costs also contributed, with rent increasing by 6.2% and electricity by 8.0%, while natural gas prices fell by 5.5%.