Analysts: Higher inflation is driven by oil prices

10. 9. 2018

We are importing the higher inflation rate from abroad due to the increase in crude oil prices on global markets, BHS’ chief economist Štěpán Křeček has commented on Czech Statistical Office’s data.

(ČIA) We are importing the higher inflation rate from abroad due to the increase in crude oil prices on global markets, BHS’ chief economist Štěpán Křeček has commented on Czech Statistical Office’s data. Mr. Křeček has added that inflation pressures are forming on the labour and real estate markets. Consulting company BDO’s Petr Kymlička has stated that inflation is not returning to the 2% target due to strong pressure on price growth, driven by high demand and the population’s increasing purchasing power. Cyrrus’ chief economist Lukáš Kovanda believes that full-year inflation will reach 2.1%.