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Investing.com -- Preliminary data released on Tuesday indicates that the headline inflation in Czech Republic fell below the central bank’s 2% target in April.
This development could increase the chances of an additional interest rate cut when the bank’s policymakers convene this week.
The inflation rate decelerated more than anticipated, dropping to 1.8% year-on-year.
This is a decrease from the 2.7% rate recorded in March and is also lower than the median forecast of 2.1% predicted in a poll.
According to analysts, base effects were anticipated to slow down the growth in prices.
Preliminary data confirmed this as it showed that the prices of energy, fuel, and food played a significant role in the overall decrease.
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