Higher prices in food, housing, hotels and restaurants, as well as culture and recreation segments drove the result, though a pick-up in core inflation also played a role.
At the end of last year, the number of unemployed job applicants in the Czech Republic reached 215,532, which is the lowest figure since December 1996.
The November gain ends a short two-month streak during which retail turnover fell in Latvia after 45 months of uninterrupted growth. The weaker performance is in line with forecasts of a slowdown in economic growth in 2019.
Czech manufacturing sector continued to stagnate in December, but rose slightly to 43.6 from 43.5 in November, partly driven by the sharpest deterioration in operating conditions since 2009, which stemmed from weaker domestic and foreign client deman
The expansion continuing in November is hardly a surprise. Poles’ robust consumer spending is driven by the good situation on the labour market, low unemployment and growing wages in particular.
Budapest expects export growth to outstrip import growth from 2021, but pace of growth for both household consumption and fixed investment set to slow.
The reading sees PPI inflation drop below the zero line for a second consecutive month after an inflationary streak that began in February 2018.