Inflation slowed to 11 %, only transport prices fell

(CIANEWS) - Consumer prices in the Czech Republic rose by 11.1 % y/y in May 2023, which was 1.6 pp less than in April. The Czech Statistical Office reported on this, stating that the slowdown was mainly influenced by the slowing down of prices in the housing and food and non-alcoholic beverages sections. The only segment of the consumer basket where prices fell was transport, mainly thanks to falling fuel prices. Month-on-month, prices increased by 0.3 %. The annual change in HICP EU27 according to Eurostat's preliminary data was 8.1 % in April, 0.2 pp less than in March.



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