WEB Czech inflation picked up

The price dynamic throughout the service sector remained stubbornly elevated with prices in restaurants and hotels.

Headline inflation picked up to 22 in July exceeding expectations from both the market and the Czech National. Robust price growth in the service segment continues Czech annual inflation increased to 22 in July coming in 02 percentage points above. Inflationary pressures were stronger in CZ than in EMU UK USA CNB started tightening earlier Inflation target.

Annual consumer price inflation slowed by 03 percentage point compared to the previous month

Following an increase in April inflation approached the CNBs.