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Eastern Europe Rate Bind to Ease as Growth Checks Inflation

Eastern Europe’s policy makers may have an easier choice between economic growth and price stability after inflation reports this week will probably show that declining food costs are alleviating price pressures.

The Czech inflation rate dropped for a second month in July, a report today showed. Romania and Hungary will say inflation slowed last month, while data in Poland and Slovakia will show the pace of price increases stabilized after slowing the previous month, according to Bloomberg surveys. Russia’s July inflation rate fell to the lowest this year, declining more than economists estimated.