…While inflation goes up to 5.4%

Meanwhile, inflation in December hit 5.4%, which is the highest it has been since August 2001. The Czech Statistical Office released the figures on Wednesday, attributing the high rate of inflation for December to the rising costs of food and transport. According to the Statistical Office, the average rate of inflation for the year 2007 was 2.8%, compared to 2.5% in 2006.