Consumer price indices (inflation) in Czechia increased by 2.3% year on year and by 1.5% month on month. It is the lowest y/y growth since March 21. It is also down 4.6 percentage points on December values, while the inflation growth was 17.5% last January. “The development came mainly from prices of housing and food and also higher benchmark in the last year,” commented Paval Sediva of the Czech Statistical Office (CZSO). The development is still below the 3% expectations of the Czech central bank (CNB) and comes a week after CNB cut the interest rates down by 0.50bp to 6.25% in a most dramat…