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CZECHIA: CNB Say Core Inflation a Touch Below Forecast in Jan at +2.5% Y/Y

CZECHIA
EM BulletBulletEmerging Market NewsCentral and Eastern EuropeCzechia

CNB: Core inflation at 2.5% Y/Y vs. Winter MPR forecast 2.6%. Other highlights from the CNB's comments on the January inflation figures below:

  • Within core inflation, growth in prices of both goods and services accelerated slightly. The growth in services prices is relatively broad-based and concerns, among other things, accommodation, food services and cultural services.
  • The degree of traditional repricing at the start of the year was slightly greater overall than the winter forecast had assumed.
  • Food prices will remain the main driver of inflation in the following quarters.

Full release here.

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CNB: Core inflation at 2.5% Y/Y vs. Winter MPR forecast 2.6%. Other highlights from the CNB's comments on the January inflation figures below:

  • Within core inflation, growth in prices of both goods and services accelerated slightly. The growth in services prices is relatively broad-based and concerns, among other things, accommodation, food services and cultural services.
  • The degree of traditional repricing at the start of the year was slightly greater overall than the winter forecast had assumed.
  • Food prices will remain the main driver of inflation in the following quarters.

Full release here.