Consumer price indices in Czechia increased by 2.9% year on year and by 0.7% month on month as food, alcohol and tobacco prices spiked. It is 0.9 percentage points up on the inflation growth in March when it stagnated m/m at the Czech National Bank (CNB) target level of 2%. “April acceleration of year-on-year price growth almost to 3% came mainly from price growth of food, alcoholic beverages and fuels,” commented Pavla Sediva, head of the Consumer Price Statistics Unit at the Czech Statistical Office (CZSO). In its comment, the CNB noted that food prices “is one of the most volatile items of …