POST Online Media Lite Edition


Czech Republic National Bank expects inflation in country of more than 10%

Christian Fernsby |
Inflation in the Czech Republic, which last year was 6.6%, in the coming months may exceed 10%, Czech Radio reported referring to the leadership of the National Bank of the Republic.

Article continues below

Topics: CZECH   

A sharp jump in inflation was not ruled out, in particular, by the chairman of the National Bank, Jiri Rusnok.

This indicator of the state of the national economy is negatively influenced by, among other things, the rapid rise in prices for electricity and gas in the republic.

Energy supply companies have significantly increased their tariffs for consumers since January 1.

Meanwhile, according to the forecast of the management of the financial regulator, by the end of this year one should expect a significant decrease in the inflation rate. The National Bank, using the instruments at its disposal, will influence this process in order to stabilize the economy and strengthen the Czech crown.

What to read next

Czech Republic industrial production contracts again in January
Mexico: Inflation moderates for second consecutive month in February
January PMI in Czech Republic signals marked manufacturing growth