Czech Republic Experiences an Unexpected Slowdown in Inflation
The Czech Republic experienced an unexpected slowdown of inflation in September. The Customer Price Index (CPI) dropped to 2.3%. Photo credit: Pixabay.
Brno, Oct 26 (BD) – Due to the fall in prices for package holidays and discounts in rail and bus fares for students and pensioners, the CPI has fallen to 2.3% in the Czech Republic, according to Think, the economic and financial analysis portal of ING (“Czech Inflation Unexpectedly Slows”, Oct. 9, 2018).
The annual inflation rate dropped to 2.3% in September, from 2.5% in August. The CPI fell slightly by 0.3% for the month, following a 0.1% rise in August, according to data from the Czech Statistical Office (CZSO).
Despite the fall in inflation in September, the Czech National Bank is unlikely to change their plan to raise interest rates in November to strengthen the Czech Crown.
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