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Czech April CPI above fcast due to fuel,food-cbank


PRAGUE, May 10 (Reuters) - A higher-than-expected growth in fuel and food prices was the main reason for Czech April inflation to rise above the central bank's forecast, the bank said on Monday. Regulated prices, the impact of indirect tax changes, and adjusted inflation excluding fuels were in line with the bank's expectations. Inflation was 0.3 percent month on month and 1.1 percent in an annual comparison, exactly in line with analysts' forecast in a Reuters poll. The bank had expected the annual rate to be 0.9 percent. The bank targets CPI at 2 percent, plus/minus 1 percentage point either side of that target. For Instant View please double click on (Reporting by Jana Mlcochova) Keywords: CZECH CBANK/CPI (prague.newsroom@thomsonreuters.com; Reuters Messaging: jana.mlcochova.reuters.com@reuters.net; +420-224 190 479) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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