Inflation in Czechia slows to 1.4 pct. in February, lowest since 2016

Consumer prices in Czechia rose by 1.4 percent year on year in February, slowing from 1.6 percent in January and marking the lowest inflation rate since October 2016, the Czech Statistics Office said on Tuesday, confirming its preliminary estimate. Prices fell slightly month on month, mainly due to cheaper food and non-alcoholic beverages.

Upward pressure on prices came mainly from alcohol and tobacco as well as accommodation, restaurants and housing costs. Energy and fuel prices, however, declined compared with a year ago, while services overall continued to become more expensive.