Czech c.bank says July CPI lower on holiday prices

...in traditional seasonal patterns, the CNB said in a statement on Wednesday.

The statement said food prices and regulated prices grew at a slightly faster rate than the CNB had forecast, and that tax changes had a slightly higher impact than expected. Fuel prices developed in line with the CNB's forecast, the statement said.

Data released earlier on Wednesday showed inflation ebbed to a four-month low in July, confounding market expectations of a further quickening and weakening the case for another interest rate rise as early as this month [ID:nL08145120].

[PRAGUE/Reuters/Finance.cz]