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Czech inflation at 16-month high in October

Staff Writer | November 10, 2016
Czech consumer price inflation accelerated more-than-expected in October to the highest level in sixteen months, figures from the Czech Statistical Office showed.
Europe   The consumer price index rose 0.8 percent
The consumer price index rose 0.8 percent year-over-year in October, faster than the 0.5 percent climb in September. That was also above the 0.6 percent increase expected by economists.

Prices of clothing and footwear grew 1.8 percent annually in October and utility costs went up by 0.5 percent. At the same time, prices of food and non-alcoholic beverages registered a decline of 1.2 percent.

On a monthly basis, consumer prices increased 0.3 percent in October. It was forecast to rise by 0.2 percent.