Czech Republic: Slight Increase of Consumer Price Index

BusinessEconomy ♦ Published: March 11, 2013; 17:05 ♦ (Vindobona)

Consumer prices in February increased by 0.1% compared with January. This rise came primarily from price increases in 'transport' and 'recreation and culture'. The year-on-year growth of consumer prices decelerated to 1.7% in February (1.9% in January).

Czech Republic: Slight Increase of Consumer Price Index / Picture: © Vindobona.org

The month-on-month increase in consumer prices came primarily from the rise in prices of automotive fuel, which went up by 2.3% in February after a three-month drop at the end of the year 2012 and a moderate rise in January 2013. In 'recreation and culture', prices of package holidays rose (3.1%). In ‘furnishings, household equipment and routine maintenance of the house‘, the growth…