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Indicator Analysis: Inflation moves surprisingly back to CNB target

10/07/2024 15:52

Czech inflation fell surprisingly sharply to 2.0% yoy in June from 2.6% yoy in May. Both our forecast (2.5% yoy) and the market consensus (2.4% yoy) pointed to only a slight slowdown in consumer price growth. Like the market, the central bank had estimated 2.4% yoy in its forecast published at the beginning of May.

Autor: Martin Gürtler
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