World

Czech inflation unexpectedly slows to 2.8pc y/y in April

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The headline figure eased from a reading of 3.0pc in March, its fastest rise since 2012.

The statistics office said alcohol and tobacco prices were behind the deceleration.

Analysts had expected the rate unchanged in April.

The bank, which forecast a 2.9pc reading, targets inflation at 2 percent, with a +/- 1 percentage point band.

Copyright Reuters, 2019