Czech Republic’s Inflation Rate Slowly Falls

By: The Quinnipiac University Economics Research Team, Nicholas Ciampanelli

This past month, the Czech Statistical Office (CSO) reported the Czech Consumer Price Index (CPI) inflation rate slowed to a 3.3% year-over-year (YOY) growth rate. This represented a slight decline from the Czech Republic’s YOY inflation rate in July of 3.4%. The CSO reported this decline was derived from a greater amount of price decreases for good and services within the Czech CPI as compared to increases. Although the country’s inflation rate is projected to continue falling, the CSO claims it will not fall below 3% until 2021.

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