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Year-on-year inflation accelerates to 0.6% in August

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In August 2016, consumer prices fell 0.2% from July. This development was affected by lower prices of food products and non-alcoholic beverages and lower prices of transport. The year-on-year consumer price growth accelerated from 0.5% in July to 0.6% in August. In the aggregate, prices of goods increased 0.1% and prices of services were higher by 1.3%, according to figures published by the Czech Statistical Office (ÈSÚ). According to Eurostat estimates, the harmonised index of consumer prices for the eurozone is expected to change 0.2% in August

Source: www.cianews.cz

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