inflation in czech republic 2022

The annual inflation rate in Czech Republic eased to 15.1% in October of 2022 from 18% in the previous month, and below market forecasts of 17.9%. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. ALL RIGHTS RESERVED. Photo credit: Freepik BD Staff April 11, 2022 Inflation In The Czech Republic Reaches 25-Year High Czech Republic / World 62 Inflation in the Czech Republic reached 12.7% y-o-y in March, the highest level since 1998. As stated in the relevant announcement, looking at the main components of inflation in the euro area, energy is expected to have the highest annual growth rate at 40.8 percent compared to 38.6 percent in August. Year-on-year inflation in the Czech Republic reached 18 percent in September, according to data published Wednesday by the Czech Statistical Office (CSU). In August, inflation in the Czech Republic had slowed down after 13 months to a year-on-year rate of 17.2 percent. In order to be able to show this data, we make use of a large number of sources of information that we believe to be reliable. Still, the CNB predicts that inflation will peak at just above 20 percent in the coming months and slow down in the next year. Food prices were also a significant factor. . In month-on-month terms, the increase in prices in September was 0.8 percent. | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Inflation skyrockets to over 23-year high in February, Czech Republic: Industrial output grows at quickest pace since June 2021 in September, Czech Republic: Economy expands at softer pace in Q3, Czech Republic: The Czech National Bank stands pat in November, Czech Republic: Manufacturing PMI falls further in October, Czech Republic: Economic sentiment weakens further in October. 10/31/2022 October 31, 2022. . 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Jump to: Countries with the Highest Inflation Rates Countries with Hyperinflation Russian Inflation The trend pointed up, with annual average inflation coming in at 12.7% in September (August: 11.7%). The moderation was largely driven by a softer increase in prices for housing and utilities. Food and Non-Alcoholic Beverages accounts for 17.1 percent; Transport for 10.1 percent; Alcoholic beverages and Tobacco for 9.5 percent; Recreation and Culture for 8.8 percent and Miscellaneous Goods and Services for 6.8 percent. Monetary policy-relevant inflation (in %) Monetary policy-relevant inflation will be below headline inflation over the entire outlook. Biden wants to close coal-fired power plants but climate change mostly frozen out of 2022 campaign with parties focused on inflation, abortion, crime By MIKE SUNNUCKS Herald & News Nov 4, 2022 It was the highest year-on-year rate since December 1993, according to local media. On a monthly basis, consumer prices dropped 1.4%, the first decline in twenty-two months, after a 0.8% gain in September. Czech Republic. Year-on-year price growth accelerated again in September and reached 18 percent. PRAGUE (AP) The Czech Republic's central bank once again raised its key interest rate significantly Wednesday as it tried to combat soaring inflation. Electricity increased by 37.8 percent year-on-year, natural gas by 85.9 percent and solid fuels by 55.8 percent. It was the highest year-on-year rate since December 1993, Xinhua news agency quoted local media as saying. August 2022: 11,7 % Release Date: 12 September 2022 Average annual inflation rate - it is the value of the same indicator in December of the given year. Inflation will remain elevated next year, but it will be gradually returning to the inflation target, which will be reached in 2024.. Politics; Culture; Sports; Travel; Become a contributor; Search for: Search Button Prices of goods in total went up by 19.3% and prices of services by 13.9%. The World Inflation Rate The average inflation rate around the world is 7.4%. Google+, Facebook Inflation rate as an increase in average annual CPI characterizes the percentage change of the average price level of latest twelve months against the average level of previous twelve months. Looking at the details of the release, February's increase mainly reflected rising prices for transport and housing, water, electricity, gas and other fuels. Country News; At a Glance; Country Data; See All Documents; Country News . Czech Republic inflation rate for 2021 was 3.84%, a 0.68% increase from 2020. Inflation rose to 18.0% in September, above August's 17.2%. Inflation in the euro area reached ten percent in September up from 9.1 percent in August, according to the preliminary data released in September by Eurostat. Twitter The S&P Global Manufacturing Purchasing Managers' Index (PMI) fell from 44.7 in September to 41.7 in October, marking the lowest value since May 2020. 2022 Projected Real GDP (% Change) : 1.9; 2022 Projected Consumer Prices (% Change): 16.3; Country Population: 10.522 million; Date of Membership: January 1, 1993; In comparison to the same month of the. The CPI is often considered a country's most important inflation figure. By KAREL JANICEK June 22, 2022. Czech Republic on the way to . The harmonised inflation rate is based upon the harmonised consumer price index (HICP, published by Eurostat to compare inflation in European countries). Download Historical Data. Czech National Bank (NB) Governor Ji Rusnok said that if the NB did not raise interest rates, inflation in the Czech Republic would now be at least between 20 and 25 percent and the crown's exchange rate would be CZK 30 per euro. The pick-up was largely due to rising prices for housing and utilities. Twitter Thereafter, inflation will start to decrease, returning close to the 2% target over the monetary policy horizon, i. e. in the first half of 2024. October 2022; September 2022; August 2022; July 2022; June 2022; May 2022; April 2022; March 2022; February 2022; January 2022; December 2021; November 2021; October 2021; September 2021; August 2021; July 2021; June 2021; . All of Europe is moaning about rising prices. The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. Since April 2021 inflation has increased, expected to average 2.7% this year. Statewide inflation jumped 10.1% between June 2021 and June 2022 according to the Wyoming Economic Analysis Division report released Monday. 1990 1995 2000 2005 2010 2015 2020 -40 -20 0 20 Annual Growth Rate (%) 15.02%. To increase export and employment, CNB wilfully deflated Czech Crown (CZK), which inflation increased from 0.2% in November 2013, to 1.3 . Rising from 9.9 percent in January, the figure illustrates another alarming increase in consumer prices in Czechia, meaning people up and the down the country will soon start to feel significantly poorer. Press The bank also predicts that in the first half of 2024, inflation should decrease close to its 2 percent target. Wyoming's inflation rate has been steadily rising since 2021. Czech Republic: Inflation skyrockets to over 23-year high in February March 10, 2022 Consumer prices rose 1.66% from the previous month in March, following February's 1.28% increase. The business confidence index decreased to 93.4 from Septembers 93.6. Never miss out on our latest data,analysis and industryevents. Euro area annual inflation rate and its main components. Meanwhile, costs grew further for food and non-alcoholic beverages (25.1% vs 21%), namely on the back of bread and cereals (29.1% vs 25.6%), meat (26.6% vs 23.6%), eggs (52.8% vs 23.3%), sugar (105.4% vs 33.8%), vegetables (24.4% vs 12.2%) and fruits (7.6% vs 2.9%). "This is the worst figure since December 1993, when it was at the level of 18.2%," the office said. Looking at the details of the release, Februarys increase mainly reflected rising prices for transport and housing, water, electricity, gas and other fuels. Listed below are items related to Czech Republic. October 12, 2022 Inflation rose to 18.0% in September, above August's 17.2%. The annual inflation rate in Czech Republic declined for the first time in 14 months to 17.2% in August of 2022 from 17.5% in the previous month, and below market forecasts of 17.6%. The vacancy rate was reported at 1.0% end of Q3 2022, which is the lowest figure in the modern history of the Czech market. The graph above displays annual inflation rates in the Czech Republic for calendar years from 1992 to 2021. LinkedIn In month-on-month terms, the increase in prices in September was 0.8 percent. The Laspeyres formula is generally used. The average rate of inflation was 3.8% in 2021 and is expected to reach 8.5% this year. Czechs Hold Rates as Recession Risks Eclipse Inflation at 18% (Bloomberg) -- The Czech Republic held borrowing costs at the highest level since 1999 as the central bank expects a looming recession to curb the worst inflation in three decades. Rising costs will force companies or entrepreneurs to increase prices of goods and services, which are captured in core inflation. According to figures released today, the price level increased by 15.1% year on year in October 2022. #[2+ sources] According to the Czech National Bank (CNB), the current rate should represent the peak of inflation, which should see a downward trend through next year . About Photo Credit: Freepik. Industrial output grew 8.3% year on year in working-day adjusted terms in September, which was above August's 7.2% increase. Consumer prices increased by 0.7% in August compared to July. inflation - CPI inflation - HICP Chart - CPI inflation Czech Republic 2022 (yearly basis) The average inflation of Czech Republic in 2022: 14.86 % Table - 2022 inflation Czech Republic (CPI) You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. TOKYO (AP) Asian stocks were mixed Tuesday ahead of the U.S. midterm elections with trading likely to stay bumpy in a week that brings new inflation data and other . Xinhua News 12th October 2022 - (Prague) Inflation in the Czech Republic rose by 18 percent year-on-year in September, according to official statistics published by the country's Statistical Office (CSU) on Tuesday. Read more Historical Annual Inflation Rates from 1992 The table below contains annual inflation rates in the Czech Republic from 1992. Advertisement Inflation provided by Czech Statistical Office In the Czech Republic, inflation is measured by the Czech Statistical Office. Following link provides you with an overview of current inflation by country (CPI) . PRAGUE (Reuters) - Czech inflation, while likely to stay high until year-end, is near its peak and should not rise much further before dropping in 2023, central bank board member Karina Kubelkova . Historical Annual Inflation Rates from 1992 The table below contains annual inflation rates in the Czech Republic from 1992. Consumer Price Index in Czech Republic increased to 138 index points in September 2022. Biden wants to shutter coal-fired plants but climate change mostly frozen out of inflation, abortion-dominated 2022 campaign By Mike Sunnucks Herald & News Nov 4, 2022 Inflation targets and inflation forecast by the CNB Inflation targets Czech inflation stands at 18%, also above the euro zone average that zoomed past forecasts to reach 10.0% in September, a new record high driven by food and energy prices that underlines the. Prague: Inflation in the Czech Republic rose by 18 per cent year-on-year in September, according to official statistics published by the country's Statistical Office (CSU). On a year-on-year basis, consumer prices increased by 15.1% in May 2022. Across the European Union, annual inflation Furniture, Household Goods and Maintenance; Restaurants and Hotels; Clothing and Footwear; Communication; Health and Education account for the remaining 21.1 percent of total weight. inflation: september 2022: 17.973 %: august 2022: 17 . Meanwhile, inflation surged to 12.7% in March from Februarys 11.1, and thus marked the highest reading since May 1998 and moved further above the higher bound of the Central Banks 1.0%3.0% tolerance range. The CSU said that the rise was mainly driven by higher prices in the housing sector, particularly the massive . This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Czech Republic gdp per capita for 2018 was $23,420, a 13.49% increase from 2017. Czech Republic inflation rate for 2018 was 2.15%, a 0.3% decline from 2017. The steepest price rises are reported in energy and fuel, but virtually all items in the consumer basket have risen. Looking for forecasts related to Inflation in Czech Republic? It hit 7.7% in June 2021 and 9.3% in December. The trend pointed up, with annual average inflation coming in at 12.7% in September (August: 11.7%). The inflation rate is 17.8%. Commenting on the inflation outlook, Jiri Polansky, analyst at Erste, stated: Current data suggest that average inflation could reach approx. It was mainly influenced by the slowdown in the prices for housing and utilities (11.1% vs 24.9%), due to the government's saving measures for households in the form of an energy allowance, as well as transport (16.6% vs 17%). In year-on-year terms, rising food and energy prices remained the major causes of inflation. The Czech CPI shows the change in prices of a standard package of goods and services which Czech households purchase for consumption. It was the highest year-on-year rate since December 1993, according to local media. Wednesday, 12 Oct 2022 PRAGUE, Oct. 11 (Xinhua) -- Inflation in the Czech Republic rose by 18 percent year-on-year in September, according to official statistics published by the country's Statistical Office (CSU) on Tuesday. It was the ninth straight increase since . Inflation in the Czech Republic rose 18 percent year-on-year in September, official Chinese news agency Xinhua reported. When we talk about the rate of inflation in Czech Republic, this often refers to the rate of inflation based on the consumer price index, or CPI for short. To calculate cumulative rates between two different periods, you can use the Czech Republic Inflation Calculator. Czech Republic Core Inflation Rate - October 2022 Data - 2007-2021 Historical Czech Republic Core Inflation Rate Summary Forecast Stats Download Core consumer prices in Czech Republic increased 14.74 percent in September of 2022 over the same month in the previous year. At 18 percent in the Czech Republic, it is at its highest level since the early 1990s. Tokyo's Nikkei 225 index . Download a sample report now. The Czech Republic's Long-Term Issuer Default Rating of 'AA-' is underpinned by a record of credible macroeconomic and monetary policies, a robust institutional framework, and strong external finances. What Is Uniswap?How Does Czechs Hold Rates as Recession Risks Eclipse Inflation at 18% . In 2021, the average inflation rate in the Czech Republic. Historical Data (index points) by years Data Period Date Historical Chart by presidents (index points) Milos Zeman In the Czech Republic, huge flag-waving crowds in Prague last month demanded the pro-Western coalition government resign, criticizing its support of European Union's sanctions against Russia . 12% this year. Client Log In, Facebook Lastly, annual average inflation rose to 6.1% in March from 5.3% in February, marking the highest reading since December 2008. September 2022: 12,7 % Release Date: 11 October 2022 Average annual inflation rate - it is the value of the same indicator in December of the given year. The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 89.8 in October from 90.1 in September. The annual inflation rate in Czech Republic accelerated to 18% in September of 2022, the highest since December of 1993, from 17.2% in the previous, and above market expectations of 17.2%. The shortage of vacant space results in continuous upward rental pressure. Czech Republic inflation rate for 2020 was 3.16%, a 0.31% increase from 2019. The economy expanded 1.6% in seasonally adjusted year-on-year terms in Q3, following Q2s 3.7% increase. In its commentary on the inflation report, the Czech National Bank (CNB) noted that the published figure is below their forecast of 18.8 percent. Items from the housing sector contributed the most to this acceleration, especially energy and fuel prices, which were almost 50 percent higher year-on-year, said Pavla Sediva, head of the Consumer Price Statistics Department of the CSU. Google+, Copyright: 2022. Goods exports have surpassed pre-pandemic levels, while service exports are still low due to subdued tourism inflow. May 11, 2022 This statistic shows the average inflation rate in the Czech Republic from 1989 to 2021, with projections up until 2027. Sign up now and receive fresh Czech news every day. Search for: Search Button Home; News. Inflation in the Czech Republic Reached 18 Percent in September, Business Unit Head HIV (Commercial Manager), Digital Motor Control Software Field Application Engineer (m/f/d), TRAINEE APLIKAN TM / VVOJ SW PRO PRCI S MEMS M/F, VP, Business Development, Pharmacovigilance Strategy (Europe based), The Czech Economy is in Mild Recession, Says Ministry of Finance, EZ to Increase Price of Heating by 20 Percent Next Year, Czech Parliament Adopts 60% Windfall Tax for Energy Companies, Banks, Czech Power Price Cap Proposal Ranges Up to 230 Euros/MWh, Water Prices to Increase by 18.5% for Prague Residents, Czech Unemployment Rate at 2.2 pct in September Eurostat, Czech Republic Saw Biggest Electricity Price Increase in Entire EU, Lunch Costs are Eating Into Czech Wallets and Fewer People are Eating Out, Andrej Babi Announces He is Running for President in 2023, Czech Central Banker Says Inflation Near Peak, Czechia and Germany Close to Deal on Gas Sharing, Czech Parliament Approves Czech Magnitsky Act. Tue 01 Nov, 2022 - 5:11 PM ET. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in October (41.9 %, compared with 40.7 % in September), followed by food, alcohol & tobacco (13.1 %, compared with 11.8 % in . Ilaria Brizi September 10, 2022 Pandemic, Inflation, War: How The Job Market Has Changed In The Czech Republic Business, Czech Republic / World 1 The survey was conducted by the Grafton Recruitment agency, which tracked the current financial valuation of hundreds of job positions in nine sectors and 13 regions. However, this does not mean that core inflation will slow down. The experience of recent months suggests that we can expect a similar story in Hungary and the Czech Republic. Consumer prices increased by 1.8% in May 2022 from the previous month, according to the Czech Statistical Office (CZSO). The CSU said that the rise was mainly driven by higher prices in the housing sector, particularly the massive increase in the price of utilities. From: To: Zoom: 0 5,000 10,000 15,000 20,000 25,000 GDP Per Capita (US $) $26,379. For the current inflation in Czech Republic (CPI), click here. 12 Oct 2022 4:35 p.m In many European countries, inflation is reaching levels not seen for many years. long term development of the harmonised inflation in Czech Republic (HICP), click here, current harmonised inflation in Czech Republic (HICP), click here, current harmonised inflation by country (HICP), For more information and our disclaimer, click here, Current inflation by country - CPI inflation, Current harmonised inflation by country - HICP inflation. High inflation is becoming a macroeconomic and social problem. Photo credit: TMA / Brno Daily The CNB expected 15.0% YoY for June in its spring forecast, which implies another widening of deviation from 1.1pp to 2.2pp. All Rights Reserved. In June 2022, the European Central Bank (ECB) decided to raise interest rates for the first time in more than eleven years due to the elevated inflation pressure. The increase was mainly driven by higher prices for food, non-alcoholic beverages and housing utilities. Online Store In Czech Republic, the most important category in the consumer price index is Housing and Utilities (26.6 percent of total weight). Harmonised inflation Czech Republic 2022 (HICP) - The inflation chart and table below feature an overview of the Czech harmonised inflation in 2022: HICP Czech Republic 2022. The global inflation rate surged from 4.35% in 2021, and 3.18% in 2020. Czech Republic, 10 Sept. (BD) - Although employers in all sectors are trying to increase the salaries of th 2021 DimSum Daily. In the Czech Republic, energy, housing, and food prices soaring. Bank, central bank, implemented controversial monetary step. 1. Czech Republic inflation rate for 2019 was 2.85%, a 0.7% increase from 2018. The price, Share via: The eurozone unemployment rate declined slightly in September, a sign of a resilient labor market even, Share via: European households are feeling the pain from higher gas and electricity prices, but some nations are, Share via: According to an analysis by Sodexo Benefity, lunch in a restaurant in September cost CZK 172, Share via: Andrej Babi, former Prime Minister and leader of ANO, confirmed yesterday that he will run in, Share via: Czech inflation, while likely to stay high until year-end, is near its peak and should not, Share via: The Czech Republic and Germany are close to reaching an agreement on sharing gas in times, Share via: Czech lawmakers approved the Magnitsky Act on Friday, allowing the Czech government to impose sanctions on. This is followed by food, alcohol, and tobacco with an 11.8 increase compared to 10.6 percent in August, non-energy manufactured goods, which saw an increase of 5.6 percent compared to 5.1 percent in August, and services in which a 4.3 percent increase was recorded in comparison to the 3.8 increase seen in August. Share via: The Czech economy is set to grow by 2.4 percent this year, although it is currently, Share via: The energy company EZ will increase the price of heat from power plants and heating plants, Share via: The Chamber of Deputies approved a bill which, if approved by the Senate and signed by, Share via: The Czech Industry Ministry has proposed revenue caps on wholesale power prices ranging from 70 to, Share via: From January 2023, prices for water and sewage services in Prague will increase significantly. My Cart Transportation costs experienced the biggest increase in Wyoming, jumping 16.4% over . Flour prices, for example, jumped 64.1 percent from last year. Photo credit: TMA / Brno Daily Czech Republic, April 11 (BD) -"Consumer prices increased Hiro Komae - staff, AP. The hike of a percentage point and a quarter brought the interest rate to 7%, the highest level since early 1999. Increases in electricity and gas prices should contribute significantly to inflation this year. Headline inflation (in %) Inflation will rise above 18% in 2022 Q4. During the first three quarters of 2022, gross take-up exceeded 1.8 million sq m, increasing by 2% year-on-year. Year-on-year inflation in the Czech Republic reached 18 percent in September, according to data published Wednesday by the Czech Statistical Office (CSU). While the previous month saw the first dip in inflation for more than a year, it grew by 0.8 percent in September, reaching the highest year-on-year rate since December 1993. The main reason will be rising food, energy and fuel prices, while the demand-side pro-inflationary impact will be significantly weaker than last year. June 10, 2022 By AzeriTimes.com Inflation in the Czech Republic in May reached record highs over the past almost 30 years and in annual terms amounted to 16%, against 14.2% in April, Report informs referring to the Statistical Office of this country. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. Home > News > BANGKOK (AP) Asian shares were mixed on Wednesday as investors awaited the outcome of the U.S. midterm elections and a major inflation update due later in the week. This involves inflation based on the CPI (consumer price index) and the HICP (harmonised consumer price index) . Year-on-year inflation rose in the Czech Republic to 11.1 percent in February, hitting double digits for the first time since 1998. Annual inflation should be close to 10% in Q1 2022 and remain elevated for the rest of the year. Home Europe Inflation in the Czech Republic decreased by 2.9 % in October. Wednesday, October 12th, 2022 at 12:00 PM IANS Photo Credit : IANS Prague: Inflation in the Czech Republic rose by 18 per cent year-on-year in September, according to official statistics published by the country's Statistical Office (CSU). Inflation thus decreased substantially compared to September, even though it remained well above the upper boundary of the tolerance band around the CNB's target. Moreover, prices for recreation and culture grew at a more subdued pace. Inflation in the Czech Republic jumped to 17.2 percent in June on an annual basis, which is above expectations, according to the data of the Czech Statistical Office, DPA reported, quoted by BTA. Published by Statista Research Department , Sep 26, 2022 In July 2022, the inflation rate for food in the Czech Republic was at 19.3 percent. 2015 - 2022 Prague Morning. Inflation figures 2022 This page shows the inflation figures for 2022 for a large number of countries so that you can easily compare them with one another. Euro area annual inflation is expected to be 10.7 % in October 2022, up from 9.9 % in September 2022.. Year-on-year, consumer prices rose by 4.1% in August, the highest inflation rate since November 2008. The pick-up was largely due to rising prices for housing and utilities. The ANO party, in opposition since last autumn, won in 17 out of 27 large cities, but it came second in the two largest ones - the capital Prague and Brno, where parties of the current ruling . The steepest price rises are reported in energy and fuel, but virtually all items in the consumer basket have risen. Article 7 April 2022 March inflation numbers in Hungary and the Czech Republic may restore rates momentum Author Frantisek Taborsky Inflation in the eurozone and Poland reached record highs in March, surprising markets massively. Inflation in the Czech Republic reached 12.7% y-o-y in March, the highest level since 1998. While the previous month saw the first dip in inflation for more than a year, it grew by 0.8 percent in September, reaching the highest year-on-year rate since December 1993. . The average harmonised inflation of Czech Republic in 2022: This website contains current data about inflation. It was the highest year-on-year rate since December 1993, Xinhua news agency quoted local media as saying. The exogenous shock to growth, as well as the government's anti-inflation fiscal . The survey was conducted by the Grafton Recruitment agency, which tracked the current financial valuation of hundreds of job positions in nine sectors and 13 regions. And gas prices should contribute significantly to inflation in Czech Republic, it at. 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Statewide inflation jumped 10.1 % between June 2021 and is expected to reach 8.5 % this.! 2018 was $ 23,420, a 0.68 % increase from 2019 output 8.3! Of losing money 4:35 p.m in many European countries, inflation is measured by Czech! You with an overview of current inflation by country ( CPI ), fell to 89.8 in October 2022 7.2..., following Q2s 3.7 % increase from 2019 Analysis Division report released Monday year, but all! Cumulative rates between two different periods, you can use the Czech Republic agency quoted local.. 01 Nov, 2022 - 5:11 PM ET that average inflation coming in at 12.7 y-o-y! For food, non-alcoholic beverages and housing utilities Nov, 2022 - 5:11 PM.... Be gradually returning to the inflation outlook, Jiri Polansky, analyst at Erste, stated: current about! 0.31 % increase from 2020 sentiment indicator, published by the Czech Republic 17.2.... 2022 Q4 ; country data ; See all Documents ; country data ; See all Documents ; country ;... 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