Inflation stagnated at 2.7 percent in March

Year-on-year inflation in the Czech Republic stagnated at 2.7 per cent in March this year. This is according to a preliminary estimate published on Friday by the Czech Statistical Office (CSU). In February, consumer prices also rose 2.7 percent, according to the bureau's final data. Compared to February, the rise in food prices accelerated in March, while energy prices fell further. The final value of March inflation will be presented by the CSU…

Consumer prices rose faster in March than the financial market expected. The annual inflation, which reached 2.7 percent, as in February, was driven mainly by food and service prices, analysts agree. They expect inflation to fluctuate in the coming months, and for the whole year it could average...