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Bank chief says Europe’s highest inflation rate no cause for concern

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The Czech Republic currently has the highest inflation rate in the entire European Union, with foodstuffs among the items that are shooting up in price. The latest figures from Eurostat, for April, show Czech inflation at 3.3%. However, the central bank governor says the level of inflation is not a major cause for concern, explaining that it reflects the fact the country also has the EU’s lowest unemployment.

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