Czech inflation hits six-year high

Czech annual inflation rose to 4% in October - the highest rate in almost six years - figures published on Friday reveal.

Inflation jumped 1.2 percentage points from its September total of 2.8% on the back of a significant rise in food prices. The prices of dairy products, bread and vegetables all shot up.

The size of the increase would appear to make a rate hike later this month a near certainty. However the central bank said on Friday that indirect tax changes have led to additional inflation

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