Inflation Slightly Below CNB’s Forecast

BusinessEconomy ♦ Published: February 12, 2013; 10:18 ♦ (Vindobona)

The Czech National Bank comments on the January 2013 inflation figures.

Inflation Slightly Below CNB’s Forecast / Picture: ©

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…