Survey: annual inflation rate hit 2.6 percent in September

The annual inflation rate grew to 2.6 percent in September up from 2.5 percent the previous month, according to a poll of analysts by the Czech News Agency.

This increase stems mainly from rising housing costs, as well as electricity and fuel prices, the analysts said. Strong economic growth accompanied by rapid wage growth is also a factor, while the Czech crown remains relatively weak.

The Czech Statistical Office is due to publish official data on September inflation on Tuesday.

Author: Brian Kenety