Finance

According to the Czech Statistical Office, the Czech Republic experienced the highest inflation rate seen in the last eight years. The raised prices on groceries and housing bills are some of the factors which influenced this year’s index. Consumer prices increased on average by 3.2 percent last year, which is the highest increase since 2012. The current inflation rate is even higher than the last year’s one – 2.8 percent. “This was the highest average annual inflation rate since 2012. Prices of goods in total and prices of services rose by 3.2 percent last year,” Pavla Šedivá, the Head of the CZSO Consumer Price Statistics Department, stated. December’s usual increase in prices slowed down for the fifth time in aContinue Reading