Inflation & Prices
Czech Inflation Hits Goal in Support for Further Rapid Cuts
- Consumer prices rose 2% in February, less than expected
- Central bank is discussing whether to accelerate policy easing
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Czech inflation slowed more than expected to hit the central bank’s target for the first time in over five years, supporting arguments for policymakers to continue with rapid monetary easing.
Consumer prices rose 2% in February from a year earlier, the slowest pace since December 2018, the statistics office in Prague said on Monday. The central bank said the reading was below its 2.8% forecast for the month mainly on regulated prices and core inflation.