Czech Republic inflation edges down in JulyStaff Writer | August 10, 2018
Consumer prices in Czech Republic increased 0.2% in July from the previous month, moderating from June’s 0.4% rise.
Europe Inflation edged down to 2.3% in July
Inflation edged down to 2.3% in July from 2.6% in June. As a result, inflation moved closer to the midpoint of the Central Bank’s 1.0%–3.0% tolerance band.
Annual average inflation, meanwhile, held steady at 2.3% for the fifth consecutive month.
The Central Bank expects inflation of 2.3% for both 2018 and 2019. FocusEconomics Consensus Forecast panelists project that inflation will average 2.1% in 2018, unchanged from last month’s forecast. For 2019, panelists expect inflation of 2.2%. ■