Czech Retail Sales Growth Accelerates to 4.8% YoY in July

Czech retail sales rose 4.8% year-on-year in July, up from a revised 3.4% in June, with a 0.6% month-on-month gain. The acceleration signals resilient domestic consumption, which may support GDP growth and add to inflationary pressure. The data is a single-month print; the trend's durability is uncertain.