Czech inflation tops out
Published at: 2019-04-11 10:29 | Author: CIJEurope.com
Year on year Inflation has peaked in the Czech Republic and should begin falling, in part because the numbers from 2018 are just so high. By the end of the year, it could fall below 2.5 percent according to analysts contacted by the Czech News Agency. It writes that consumer prices rose 3 percent in March, making the highest jump since 2012. "It seems to me very likely that inflation has hit its high point for the year," UniCredit Bank's Patrik Rožumberský told CTK. "In the coming months, inflation will probably ease." ING's chief economist Jakub Seidler told the news agency that rising services costs, especially housing prices, would continue to prop up inflation and contribute to around half of this year's rises.
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