Czech cbank: Sept CPI data confirm tone of fcast

PRAGUE, Oct 9 (Reuters) - Czech September inflation data confirm the tone of the central bank's macroeconomic forecast regarding the anti-inflationary effect of the domestic economy, the bank said on Tuesday.

The forecast assumes a further decline in interest rates in the next several quarters.

Consumer prices dipped by 0.1 percent in September versus a month earlier, bringing annual inflation to 3.4 percent. The bank had expected the headline figure at 3.5 percent.

It said the main reason for the difference with its forecast was that adjusted inflation excluding fuels, a measure of demand-driven price growth, was lower than expected, remaining negative.

Monetary policy-relevant inflation, defined as headline inflation adjusted for the first round effects of indirect tax changes, was at 2.1 percent, the bank added.

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(Reporting by Jana Mlcochova; Editing by Michael Winfrey)

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