The December price developments were in line with ordinary seasonal movements and have not
signalled any substantial risk of inflation acceleration or a slowdown against the current CNB
prediction. The deviations from the prediction in partial segments have had no major effects on the
evaluation of inflation. Apart from the seasonal effects, the relatively faster food price growth
has partly offset the slower price increases in the previous two months and is due in part to the
volatility of this price segment. The fall in fuel prices was an adequate reaction to the decrease
of oil prices in the previous period. Annual net inflation of 2.4% means that it lies within the
targeted band for December 2001.
The December 2001 inflation figures
The December price developments were in line with ordinary seasonal movements and have not signalled any substantial risk of inflation acceleration or a slowdown against the current CNB prediction. The deviations from the prediction in partial segments have had no major effects on the evaluation of inflation. Apart from the seasonal effects, the relatively faster food price growth has partly offset the slower price increases in the previous two months and is due in part to the volatility of this price segment. The fall in fuel prices was an adequate reaction to the decrease of oil prices in the previous period. Annual net inflation of 2.4% means that it lies within the targeted band for December 2001.
Responsible:
Alice Frišaufová
CNB spokesperson