Czech inflation sticks below national bank's 2% goal

Czech inflation sticks below national bank's 2% goal

Published at: 2018-04-16 10:15 | Author: CIJEurope.com
The Czech Republic's annual inflation rate remains under control at 1.7 percent, slightly below the national bank's 2 percent goal. It was 6 basis points below what the bank had anticipated, primarily because of lower than expected food price increases. The Czech National Bank had also anticipated slightly higher fuel prices, but these failed to materialize, while its predictions for the impact of non-direct taxes proved accurate. However, the bank wrote in a recent report that wage pressure would force it to remain on the alert as would the increasing strength of the Czech crown, which is driving up the prices on imported good. Looking ahead to 2019, the CNB anticipates that inflation will hold below its 2 percent goal at least in the first half of the year.

Similar Stories:

Building permit volume up 8.8% in October
A total of 2,343 building permits were issued in Serbia in October, up 8.8 percent from th  »
Hungary ranks 10th in economic complexity report
Hungary was 10th in an economic complexity ranking conducted by Harvard’s Growth Lab. Th  »
Montenegrin construction output up 31.4% in Q3
Construction output in Montenegro increased by 31.4 percent y-o-y between July and Septemb  »
Investments hit record high in Hungary
The investment volume has reached a record high in Hungary, with 62 projects signed during  »
Poland failed to win the next Jaguar and Land Rover factory, on which the automobile giant   »
hat the problems of the sector were never going to come from that side of the development   »
But last year also marked another important deal for Poland, as Norges Bank Investment Man   »