This paper examines the moderation of inflation in three transition economies, the Czech Republic, Hungary and Poland … of inflation, we show that, under a variety of assumptions, foreign prices and the persistence of inflation were the key … determinants of inflation in these countries. From this finding we conclude that the moderation of inflation in the Czech Republic …

Inflation rates have traditionally been measured by the annualized percentage change in the price level of a market … and services. Therefore, different households experience different inflation rates. This paper finds that these … experienced an inflation rate that was similar to the national average. Furthermore, the higher the average inflation rate over …