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Czech Republic: Inflation eases further in December

Staff Writer | January 12, 2018
Consumer prices inched up 0.1% in December from the previous month, matching market expectations.
Czech Republic
Europe   FocusEconomics
Data from the Statistical Institute showed that the rise was mainly driven by higher prices for food and non-alcoholic beverages.

Inflation moderated from 2.6% in November to 2.4% in December. Subsequently, inflation moved closer to the mid-point of the Central Bank’s 1.0%–3.0% target range.

Annual average inflation, meanwhile, inched up from 2.4% in November to 2.5% in December.

The Central Bank expects average inflation of 2.5% for 2018 and 1.9% for 2019.

FocusEconomics Consensus Forecast panelists project that inflation will average 2.3% in 2018, which is up 0.1 percentage points from last month’s forecast. For 2019, panelists expect inflation of 2.0%.


 

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