Updates: 12.02.2021 00:49
Prague – The Czech Statistical Office will publish data on inflation in January today. According to analysts’ estimates, annual inflation fell below 2 percent in January, probably to an average of 1.7 percent from 2.3 percent in December. The reason is the high comparison base from last January and the year-on-year decline in food prices.
“The slowdown in year-on-year inflation is due to the high base from last January combined with a probable year-on-year decline in food prices. Miroslav Novak.
Komerční banka economist Michal Brožka pointed out that the value of inflation in a given year is usually suggested by its value at the beginning of the year, when many companies regularly revalue their products and services. “This time, however, there is a significant risk of surprise, both ways, due to the closure of a large part of the economy due to a pandemic,” he said.
Source: České noviny – hlavní události by www.ceskenoviny.cz.
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