The Czech Republic's inflation rate accelerated in August to match economists' expectations, data released by the Czech Statistical Office showed Monday.
The consumer price index (CPI) rose 3.3 percent year-on-year, following a 3.1 percent gain in July. Economists also had forecast 3.3 percent inflation for the month.
Month-on-month, consumer prices dipped 0.1 percent in August, again in line with expectations. The decline was largely due to lower prices in the food and non-alcoholic beverages, clothing and footwear, and communications groups. These offset the increase in prices in the transport segment.
by RTT Staff Writer
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