RTTNews - Thursday, the Czech Statistical Office announced that the consumer price index or CPI rose 1.2% year-over-year in June, slower than the 1.3% increase in the previous month. This was the lowest annual inflation since December 2003. Economists were looking for an increase of 1.3%.

On a monthly basis, the CPI remained unchanged in June. Economists had expected an increase of 0.1%. This was mainly due to increase in fuel prices and decline in food prices.

Meanwhile, the harmonized index of consumer prices or HICP rose 0.8% in June, slower than the 0.9%
growth in the previous month. The HICP was flat on month.

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