The Czech Republic's consumer price inflation was confirmed at a 5-month low in February, the latest data from the Czech Statistical Office showed on Tuesday.
Consumer prices climbed 2.7 percent year-over-year in February, slower than the 2.8 percent rise in January. That was in line with the flash data published on March 5.
The annual price growth of food and non-alcoholic beverages slowed to 4.4 percent from 4.8 percent. A decline of 1.9 percent in clothing and footwear prices also had a dampening effect on inflation.
Meanwhile, inflation based on utilities remained stable at 1.3 percent.
On a monthly basis, consumer prices moved up 0.2 percent, as estimated.
The EU measure of inflation also softened to 2.8 percent in February from 2.9 percent. Monthly, the harmonized index of consumer prices, or HICP, rose 0.2 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
March 12, 2025 09:36 ET It seems like there’s no respite from layoffs, and this week, we highlight a company that halved its workforce. In other news, a new study has found that dogs and humans share a common gene in an epidemic disease. Barely days after a US drug maker reduced the price of its weight-loss drug, a Danish drug maker has also made a similar move. On a brighter note, promising results from a mid-stage trial offer hope for refractory chronic cough, suggesting potential relief for patients.