Price Pressures To Persist

February 2008
Emerging Europe Monitor: Central Europe & Baltic States;Feb2008, Vol. 15 Issue 2, p6
Country Report
The article states that inflation will remain high in 2008 in the Czech Republic. It states that agricultural prices which have increased due to the drought in Europe, along with the rising price level of food and non-alcoholic beverages, are creating inflationary pressures. It is noted that decline in unemployment will result to increased wages, which in turn will raise labor costs and higher producer prices. According to the article, these are indications that inflationary pressures will continue in the long term.


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