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Indicator Analysis: Czech government measures reduce inflation to 15.1% yoy

11/10/2022 5:46 PM

Czech inflation fell markedly from 18% yoy in September to 15.1% yoy in October. This was well below the consensus of 17.9%, though the range of estimates was unusually large at 17.2% to 19%. Our estimate of 17.2% yoy was the lowest in the market, while the CNB had expected 17.4% yoy. The high variance of the estimates came as it was not clear how the CZSO would capture the government’s measures on expensive energy in its price statistics.

Autor: Martin Gürtler
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