Czech Inflation At 41-Month High

Czech consumer price inflation accelerated at a faster-than-expected rate in November to the highest level in nearly three-and-a-half years, figures from the Czech Statistical Office showed Friday.

The consumer price index rose 1.5 percent year-over-year in November, faster than the 0.8 percent increase in October. That was also above the 1.3 percent climb expected by economists.

The latest inflation rate was the strongest since June 2013.

Prices of food and non-alcoholic beverages grew 1.6 percent annually in November and those of clothing and footwear went up by 1.2 percent.

Month-on-month, consumer prices increased 0.3 percent in November, almost in line with the expected rise of 0.2 percent.

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