March’s inflation decelerated by a tick in line with our expectations and is currently half of a percentage point below the CNB forecast. The reason is mainly lower food price dynamics as well as a drop in fuel prices. Although the unemployment statistics indicate a record tightness on the labour market, core inflation decelerated slightly. Year-on-year inflation dropped to this year’s low and should reach the 2% CNB target this summer.

Given the technological possibilities and structure of the Czech economy, automation could affect up to 51% of jobs in the Czech Republic. Thanks to the rise in productivity, the Czech economy’s potential would increase by 78% by 2033, which is more than double the growth rate without using robotisation. These are the conclusions of Deloitte’s latest study The Automation of Work in the Czech Republic.

As expected, inflation slowed down slightly to 1.7% mainly on the back of lower food prices. And the central bank might even appreciate this now as the market will stop betting on further rate hikes. 

Healthcare 2.0 initiative invites to a panel discussion, which will take place on Wednesday, April 18, 2018 at 3 pm in the NHÚ AV ČR building, Politických vězňů 7, Praha 1, 2nd floor, room no. 7. The event will be held in Czech.