Czech cbank says Dec CPI shows mild price pressure

09.01.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech annual inflation rate of 1.7 percent in December lagged the central bank's quarterly forecast from October by 0.7-0.8 percentage...

...points, the central bank (CNB) said in a statement on Tuesday.

The consumer price index (CPI) rose a touch faster than the 1.6 percent consensus market forecast due to higher food costs, but held well below the CNB's target tolerance band, data released earlier in the day showed.

Tomas Holub, head of the CNB's monetary and statistics department, said price pressures in the economy were moderate and offset by the firming in the crown currency over the past few months.

[PRAGUE/Reuters/Finance.cz]

Autor článku

 

Články ze sekce: Zpravodajství ČTK