Czech inflation accelerated significantly from 1.4% yoy in February to 1.9% yoy in March. This was slightly below the market consensus of 2.0% yoy, but above our estimate of 1.7% yoy. In its latest forecast from February, the central bank had expected March inflation to reach 1.6% yoy. The final CPI figures once again only confirmed the statistical office’s preliminary estimate of overall consumer price developments.