Prices of goods and services jump after steady four months

The prices of goods and services rose in November by 1.1 percent year-on-year after four months of steady numbers. The rise is presumably related to intervention by the Czech national bank aimed at weakening the Czech crown to improve conditions for export and spur consumer spending at home. The steps were introduced in the first week of November. Foodstuffs including dairy products, non-alcoholic beverages and vegetables as potatoes saw the highest price increases.

Author: Jan Velinger