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The Czech National Bank´s Inflation Report for Q4 1999

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  • ÈNB

Abstract

During the course of 1999 Q4, the price trend changed. The long-term tendency toward a slowdown in CPI inflation was replaced by a slight pickup. Year-on-year CPI inflation was 2.5% in December ?99. The net inflation index stood at 1.5%, i.e., 2.5 percentage points below the lower boundary of the Czech National Bank?s 4?5% target interval. Two-thirds of the deviation from the expected net inflation outturn at the end of the year was attributable to food prices, and one-third to adjusted inflation items.

Suggested Citation

  • Ènb, 2000. "The Czech National Bank´s Inflation Report for Q4 1999," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 50(4), pages 194-206, April.
    • Handle: RePEc:fau:fauart:v:50:y:2000:i:4:p:194-206
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    File URL: http://journal.fsv.cuni.cz/mag/article/show/id/211
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    Keywords

    inflation; central bank; monetary policy;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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