Czechia records one of Europe's lowest inflation rates

Czechia had the seventh-lowest inflation rate in Europe in May, according to an analysis by investment company Portu. Consumer prices rose by 2.1% year on year, improving the country's ranking from tenth place in April. Inflation was higher in all neighbouring countries, reaching 2.6% in Germany, 3.1% in Poland, 3.7% in Austria and 3.9% in Slovakia. Romania recorded Europe's highest inflation at 10.7%, while Switzerland and Liechtenstein had the lowest at 0.6%. Inflation in the eurozone rose to 3.2% in May.