Czech Republic: Inflation stabilizes in December from the prior month
Latest reading: Consumer prices were up 2.1% in annual terms in December, unchanged from the previous month’s reading.
Relative to the previous month’s figures, there were higher price pressures for housing and utilities (+1.9% on a year-on-year basis vs +1.7% in November) and food and non-alcoholic beverages (+4.1% vs +4.0% in November). In contrast, there were reduced price pressures for transportation (-0.2% vs +0.4% in November) and recreation and culture (+3.6% vs +3.7% in November).
Lastly, consumer prices declined 0.26% in December in month-on-month terms, following a 0.32% fall in the previous month.