Czech Republic: Inflation accelerates in OctoberStaff Writer | November 11, 2016
In October, Czech consumer prices grew 0.3% from the previous month, contrasting September’s 0.2% fall.
Europe According to the Czech Statistical Office:
Inflation edged up in October, increasing to a 16-month high of 0.8% from September’s 0.5%. Consequently, inflation moved close to the lower bound of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.
Annual average inflation in October was 0.4%, up from September’s 0.3%.
The CNB expects average inflation of 0.4% for 2016 and of 1.9% for 2017.
FocusEconomics Consensus Forecast panelists project that inflation will average 0.6% in 2016, which is unchanged from last month’s Consensus. For 2017, panelists expect inflation of 1.6%, which is also unchanged from last month’s forecast. ■