11.07.201803:27:00UTC+00Czech Inflation Accelerates For Third Month

Czech consumer price inflation accelerated for the third straight month in June, figures from the Czech Statistical Office showed Wednesday.

Consumer prices climbed 2.6 percent year-over-year in June, faster than the 2.2 percent rise in May. That was just above the 2.5 percent increase economists had forecast.

Prices of food and non-alcoholic beverages grew 2.7 percent annually in June and utility costs advanced by 2.8 percent. Meanwhile, clothing and footwear prices dropped 0.9 percent.

On a monthly basis, consumer prices rose 0.4 percent in June versus the expected gain of 0.3 percent.