Central EuropeCzech RepublicInflation

Czech Republic: Inflation

Inflation on the upward trend seen in CEE of late, coming in at 1.9% yoy in April. The uptick is consistent with the central bank’s expectations. The central bank projects inflation above the 2.0% target for the rest of the year, before falling back to target at the beginning of next year. Survey data showed that consumer inflation expectations rose in April but producer expectations slid further downwards.