The CNB comments on the September 2003 inflation figures
8.10.2003
The monthly decline in consumer price inflation was roughly in line with the CNB's forecast. The
overall slightly lower-than-predicted annual rise in inflation in September and the entire third
quarter reflects the ongoing anti-inflationary conditions in the domestic economy, competition on
the goods and services markets and the effects of weak inflation expectations amid long-lasting
inflation moving around zero.
The CNB comments on the September 2003 inflation figures
The monthly decline in consumer price inflation was roughly in line with the CNB's forecast. The overall slightly lower-than-predicted annual rise in inflation in September and the entire third quarter reflects the ongoing anti-inflationary conditions in the domestic economy, competition on the goods and services markets and the effects of weak inflation expectations amid long-lasting inflation moving around zero.
Pavel Zúbek
CNB communications division