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Inflation Slightly Below CNB’s Forecast
The Czech National Bank comments on the January 2013 inflation figures.
Inflation Slightly Below CNB’s Forecast / Picture: © Vindobona.org
According to figures released today, the price level increased by 1.9% year on year in January 2013. Annual headline inflation thus slowed for the fourth consecutive month. Monetary-policy relevant inflation, i.e. inflation adjusted for the first-round effects of changes to indirect taxes, remained unchanged in January, at 1.1%. This means that it is still near the lower boundary of the…
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