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Czech Inflation Rises In July

The Czech Republic's consumer price inflation rose at a faster-than-expected rate in July, data from the Czech Statistical Office showed Monday.

Consumer prices advanced 2.9 percent year-on-year in July, following a 2.7 percent rise in June. Economists had expected a 2.8 percent rise.

Prices of housing, water, fuel and energy went up 5.5 percent and that of restaurants and hotels, and food and non-alcoholic beverages rose by 4.2 percent and 4.1 percent, respectively, in July.

On a monthly basis, consumer prices grew 0.4 percent in July.

Another report from the statistical office showed that import prices fell 0.7 percent in June, after a 2.0 percent rise in the previous month. On the month, import prices gained 1.4 percent.

Export prices declined 1.0 percent on the month, and edged up 0.1 percent annually in June.

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