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CZECHIA: Core CPI +2.3% Y/Y in Sep, Below CNB Forecast of +2.4%

CZECHIA
EM BulletBulletGlobalEmerging Market NewsCentral and Eastern EuropeRegionCzechia

CNB Comment on this morning's inflation print:

  • Czech September core CPI 2.3% y/y vs central bank's forecast 2.4%.
  • Core inflation was slightly below the forecast.
  • Fuel prices fell more significantly than forecasted.
  • Core inflation is being driven by wage growth in the domestic economy, which is affecting services prices in particular.
  • Conversely, the previous protracted decline in domestic demand, due in part to the CNB’s tight monetary policy, is dampening core inflation.

Full release here.

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CNB Comment on this morning's inflation print:

  • Czech September core CPI 2.3% y/y vs central bank's forecast 2.4%.
  • Core inflation was slightly below the forecast.
  • Fuel prices fell more significantly than forecasted.
  • Core inflation is being driven by wage growth in the domestic economy, which is affecting services prices in particular.
  • Conversely, the previous protracted decline in domestic demand, due in part to the CNB’s tight monetary policy, is dampening core inflation.

Full release here.