Czech Inflation Unexpectedly Slows as Iran War Brings New Risks

Czech inflation unexpectedly slowed further in February but the energy shock from the Iran war may limit the central bank’s room for resuming interest rate cuts.

Consumer prices rose 1.4% from a year earlier, the slowest pace since 2016, according to a flash estimate published by the statistics office on Wednesday. The reading was below the 1.6% median estimate in a Bloomberg survey and the central bank’s own projection for the month.