Czech consumer prices return to growth in July - CSU


11.08.2014 09:46

Prague - Czech consumer prices returned to a growth in July, posting an annual rise of 0.5 percent due to higher prices of food, alcohol and tobacco, and inflation was 0.2 percent on the month, the Czech Statistical Office (CSU) said today.


Nákupní centrum, nákupy, hypermarket - ilustrační foto. ČTK Volfík René, CTK

The figures are higher than expected by analysts who predicted an average increase of 0.3 percent compared with July last year and a rise of 0.1 percent from June.

June inflation was at zero in both year-on-year and month-on-month terms.

Prices of food items and non-alcoholic beverages resumed their annual growth in July and added 0.8 percent.

"This was mainly due to a faster growth of prices of some food products and a slower fall of potato prices," the CSU said.

Bread, pork, poultry and egg prices grew faster, it added.

Prices of alcoholic beverages were 2.5 percent higher and prices of tobacco products added 4 percent.

Clothing, footwear and motor fuels were more expensive, and also prices at restaurants went up.

On the other hand, an annual decrease was seen for the segment of housing and phone services.

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