Czech consumer prices increased by 2% year on year and by 0.3% month on month as food prices eased. It is the lowest inflation rate since December 2018 and down by 0.3 percentage points in January, when inflation collapsed. It is also just on the Czech National Bank (CNB) target level, which most forecasts did not expect to be reached in 2024. CNB’s prognosis expects an average annual inflation of 2.6% this year. “Development of consumer prices in February was significantly influenced by prices of fuels,” which “returned to growth after several months of decline,” commented Pavla Sediva, head …