The Czech Republic's consumer price inflation eased somewhat as expected in July, preliminary data from the Czech Statistical Office showed on Tuesday.
Consumer prices climbed 2.7 percent year-over-year in July, slower than the 2.9 percent increase in June.
The annual price growth in food, alcohol, and tobacco softened to 4.9 percent from 5.5 percent. Costs for services grew 4.8 percent, and those for goods rose by 1.4 percent. Meanwhile, energy prices continued to decline by 4.6 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.