ČNB: Inflation is still falling, 2% at beginnng of 2024

(CIANEWS) - The price level (+8.8% y/y in July 2023) confirms the expectations of the Czech National Bank (ČNB) forecast that inflation will continue to decline over the summer. Annual price growth will slow down until September. The trend will temporarily break in October, but only due to the statistical effect of the energy price saving tariff from the end of last year. This stems from the ČNB's commentary, adding that inflation will fall sharply to near the ČNB's 2% target once it subsides in early 2024.



Register newsletter

Get to know about Nordic Chamber, our press releases and all news, straight to your inbox.