INFLATION IN THE CZECH REPUBLIC NEXT YEAR

Inflation in the Czech Republic next year:

Inflation in the Czech Republic is expected to fall next year, although it will fall short of the CNB's 2% target.

Impact of low price growth on wages:

Low consumer price growth is expected to lead to a recovery in real wage growth.

Economic recovery after the downturn:

This increase in wages could have a positive impact on the economy and bring a slight recovery after this year's full-year contraction.

Tight labour market:

The labour market situation will remain tight.

Unemployment expectations:

Nevertheless, unemployment is not expected to rise dramatically.

Forecast basis:

This forecast is based on analyses carried out by the Ministry of Finance, the CNB and experts interviewed by CTK.