The August CPI
has been released this morning and it has showed that consumer prices fell by 0.2 % m/m. This figure has put the annual inflation at 1.3%, which is lower figure than the CNB forecasted. Although behind the month-on-month decline in headline CPI
were volatile food prices, low inflation still weighed on the koruna
, so the EUR/CZK pair has moved above the 25.8 level.