AIRLINK 191.54 Decreased By ▼ -21.28 (-10%)
BOP 10.23 Decreased By ▼ -0.02 (-0.2%)
CNERGY 6.69 Decreased By ▼ -0.31 (-4.43%)
FCCL 33.02 Decreased By ▼ -0.45 (-1.34%)
FFL 16.60 Decreased By ▼ -1.04 (-5.9%)
FLYNG 22.45 Increased By ▲ 0.63 (2.89%)
HUBC 126.60 Decreased By ▼ -2.51 (-1.94%)
HUMNL 13.83 Decreased By ▼ -0.03 (-0.22%)
KEL 4.79 Decreased By ▼ -0.07 (-1.44%)
KOSM 6.35 Decreased By ▼ -0.58 (-8.37%)
MLCF 42.10 Decreased By ▼ -1.53 (-3.51%)
OGDC 213.01 Increased By ▲ 0.06 (0.03%)
PACE 7.05 Decreased By ▼ -0.17 (-2.35%)
PAEL 40.30 Decreased By ▼ -0.87 (-2.11%)
PIAHCLA 16.85 Increased By ▲ 0.02 (0.12%)
PIBTL 8.25 Decreased By ▼ -0.38 (-4.4%)
POWER 8.85 Increased By ▲ 0.04 (0.45%)
PPL 182.89 Decreased By ▼ -0.14 (-0.08%)
PRL 38.10 Decreased By ▼ -1.53 (-3.86%)
PTC 23.90 Decreased By ▼ -0.83 (-3.36%)
SEARL 93.50 Decreased By ▼ -4.51 (-4.6%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.85 Decreased By ▼ -1.88 (-4.51%)
SYM 18.44 Decreased By ▼ -0.42 (-2.23%)
TELE 8.66 Decreased By ▼ -0.34 (-3.78%)
TPLP 12.05 Decreased By ▼ -0.35 (-2.82%)
TRG 64.50 Decreased By ▼ -1.18 (-1.8%)
WAVESAPP 10.50 Decreased By ▼ -0.48 (-4.37%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
YOUW 3.96 Decreased By ▼ -0.07 (-1.74%)
BR100 11,697 Decreased By -168.8 (-1.42%)
BR30 35,252 Decreased By -445.3 (-1.25%)
KSE100 112,638 Decreased By -1510.2 (-1.32%)
KSE30 35,458 Decreased By -494 (-1.37%)

Czech annual inflation accelerated in March to a rate of 0.2 percent, higher than central bank's forecasts and staying above zero despite the impact of a global oil price slump. On a monthly basis, consumer prices rose 0.1 percent.
The headline figures were just below analysts' expectations although annual inflation picked up after sitting at a rate of 0.1 percent in the previous three months and added to signs the economy was gathering pace.
The economy grew 2.0 percent in 2014 and is expected to accelerate this year.
The central bank launched interventions to weaken the crown in late 2013 when the economy was just limping out of a record-long recession and has pledged to keep its weak crown policy in place at least until the second half of 2016.
March's annual inflation data was was above the central bank's prediction of a 0.1 percent reading.
The statistics office said year-on-year inflation was mainly influenced by faster price growth of alcohol and tobacco products.
"Inflation should avoid negative readings this year, which were expected in the beginning of it," Jakub Seidler, ING Bank Czech chief economist said.
"Given the favourable economic development, which will have pro-inflationary effects on the monetary policy horizon, we do not expect the central bank to move its exchange rate commitment to a weaker level."
The central bank has said it would tolerate negative inflation in 2015 but also warned it could move the crown to a weaker level if an increase in long-term deflationary pressures risked undermining domestic demand.
Analysts in a Reuters poll had expected prices to rise by 0.2 percent on the month and by 0.3 percent on the year.
Earlier this week, another report showed the Czech foreign trade balance reached a 18.0 billion crowns ($707.24 million) surplus in February, beating market expectations. Analysts saw that as a favourable sign for the industry output data, due on Friday.

Copyright Reuters, 2015

Comments

Comments are closed.