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| Czech inflation this year may be highest since 2008 |
| Prag, 17.09.2020 |
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Inflation in the Czech Republic remains high and the rate for 2020 may well be the highest recorded since 2008. Analysts contacted by the Czech News Agency said inflation could be above 3 percent this year and was unlikely to fall back to 2 percent until 2021.
According to data published on Thursday by the Czech Statistical Office, year-on-year growth in consumer prices in the Czech Republic slowed to 3.3 percent in August from 3.4 percent the previous month.
Year-on-year inflation last month was fully in line with market expectations, Radomír Jáč, an analyst with Generali Investments, told the Czech News Agency.
It remains well above the Czech National Bank’s 2 percent inflation target.
Although inflation is expected to fall to 2 percent, especially during 2021, its current development speaks against further cuts in interest rates by the Czech National Bank, Mr. Jáč said.
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Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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