Analysts expect inflation to gradually slow down to 2% target

Published: 12.01.2018 Related countries:  Israel Israel

Inflation is still under control of the Czech National Bank.

A slower increase in vehicle-fuel prices and restaurant prices was behind the inflation slowing down to 2.4% in December. Referring to the data published by the Czech National Bank, this statement was made by Czech Banking Association chief economist Eva Zamrazilová. Restaurant prices mitigated the pace of increased prices less than what would correspond to a loss of impact of EET introduction, which reflected a more significant increase in prices of food and strong domestic demand. The Czech National Bank (ČNB) said that overall inflation pressures still remained significant and that they reflect a faster wage dynamic under the conditions of a robust domestic economic growth. The central bank expects inflation to return to the 2% target at the turn of 2018 and 2019.

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