By: The Quinnipiac University Economics Research Team, Jack Hangen
Since the reopening of the Czech economy, prices for both gas and electricity have soared. The prices for these goods are being pushed upwards by the rapid recovery of the European economy and the increased prices for emission allowances. This is a charge per metric ton of carbon dioxide emitted. Additionally, inflation for gas and electricity has not slowed in recent months, indicating it will continue affecting the prices of consumer goods in the Consumer Price Index. Given this, energy suppliers are trying to limit these price changes for the rest of the year due to the sharp increases already this year but admit that another unexpected shock to the economy would cause prices to continue increasing.
This article is based upon: Soaring energy prices contributing to high Czech inflation | Radio Prague International