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Czech Republic Inflation Rate YoY
Housing and utilities (26.6% of total weight) is the most significant category in the Czech Republic's consumer price index. 17.1% goes to food and non-alcoholic beverages, 10.1% goes to transportation, 9.5% goes to alcoholic beverages and tobacco, 8.8% goes to recreation and culture, and 6.8% goes to miscellaneous goods and services. The remaining 21.1% of the total weight is made up of furniture, household goods, and maintenance, restaurants and hotels, clothing and footwear, communication, and health and education.
A higher than expected figure should be seen as positive (bullish) for the CZK while a lower than expected figure should be seen as negative (bearish) for the CZK.
Forex Sentiment (CZK)
News (CZK)
Czech Economy Enters Recession In Q4 With 0.3% Contraction
The Czech Republic's economic output contracted for the second straight quarter in the three months ended December, largely due to lower household consumption, thus entering a technical recession, preliminary estimates from the statistical office showed on Tuesday. Gross domestic product decreased 0.3 percent sequentially in the fourth quarter, following a 0.2 percent fall in the third quarter.
RTTNews | 815 days ago
