Inflation is already at 17.2%

The rise in consumer prices continued in June, with the annual inflation rate rising to 17.2 percent from 16 percent in May. This is the twelfth consecutive month of growth.

The Czech Statistical Office (CSO) published the data on Wednesday. Inflation increased by 1.6 percent month on month.

“Year-on-year consumer price growth has been accelerating significantly since last July and has already surpassed the 17 percent mark. In June, food prices again contributed most to this acceleration, rising by 18 percent year on year,” said Jiří Mrázek, director of the CSO’s Price Statistics Department.

The rise in prices is also due to rising energy and fuel prices.