• Consumer prices increased to 2.5% y/y from 1.9% in March. Surprisingly high inflation was primarily influenced by food prices.
• Before publication of today’s figures, head of monetary section of Czech National Bank Mr. Holub stated that core inflation was going to increase to 2.5% in the following twelve months. He reiterated forecast of CNB for stable
koruna exchange rate during this year.
• April’s unemployment declined to 6.8% from 7.3% in March. Fast growing economy is creating new job opportunities as their number is the highest since establishment of the Czech Republic.
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According to expectations US Fed left interest rates unchanged. Also, it underlined that its main concern are inflationary risks. Economy growth weakening remained in the second place.
• Slovakia’s retail sales increased by 6.0% y/y against estimated 5.1%.