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Archive for December 10th, 2007

November inflation above CNB target again

Czech November inflation was 1.1 percentage point higher than the Czech National Bank had forecast, CNB section head Tomas Holub told CTK.
Like in October, the reason were faster-than-expected food prices.
In October, inflation was 0.2 percentage points above the CNB target, and in the preceding months lower than the target.
Motor fuel prices were also higher in [...]

Czech crown firms through CZK26.00/EUR for first time ever

Prague - The Czech crown this morning broke through the Kc26.00/EUR level for the first time ever and at one point traded at Kc25.97/EUR, following the publication of November inflation data, the highest figure in the last six years, Patria Online server said.
The unit also gained to the dollar, to Kc17.72/$.
The inflation figure was much [...]