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Indicator Analysis: Core inflation in the Czech Republic decelerates

4/13/2021 12:44 PM

Year-on-year inflation is kept higher by rising gas station prices and rising tobacco prices due to higher excise duties. Nevertheless, inflation in March ended slightly below expectations and the positive deviation of inflation from the CNB forecast fell to 30 basis points. The central bank will continue to wait with rate hikes. The game-changer should be the vaccination of a significant part of the population.

Autor: Michal Brožka
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