The Czech Republic's consumer price inflation moderated in May from a 6-month high in the previous month, preliminary data from the Czech Statistical Office showed on Thursday.
Consumer prices climbed 2.1% year-over-year in May, slower than the 2.5% increase in April. Economists had expected the inflation to ease to 2.3%.
Prices for food and non-alcoholic beverages declined at a faster pace of 1.9% annually in May versus 1.3% in April. Inflation based on services eased marginally to 4.7% from 4.8%. Meanwhile, energy costs, including automotive fuels, grew 1.8%, faster than the 1.5% increase a month ago.
On a monthly basis, consumer prices edged up 0.1% versus an expected increase of 0.3%.Copyright
