Annual inflation rate in the Czech Republic edged down to 2.9 percent in May of 2021 from 3.1 percent in April, mainly due to a 1.3 percent drop in food and non-alcoholic beverages cost which was the steepest fall since September of 2016. Prices of pork were lower by 10 percent, eggs by 8.9 percent, fruit by 4 percent and vegetables by 7.4 percent. On the other hand, biggest upward pressure came from cost of transport (9.6 percent), namely motor cars (6.9 percent) and automotive fuels and lubricants (22 percent), alcoholic beverages and tobacco (9.8 percent) and housing and utilities (1.8 percent). Ona monthly basis, consumer prices edged up 0.2 percent, easing from a 0.5 percent rise in April. source: Czech Statistical Office
Inflation Rate in Czech Republic averaged 4.19 percent from 1993 until 2021, reaching an all time high of 21.90 percent in February of 1993 and a record low of -0.40 percent in January of 2003. This page provides - Czech Republic Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Inflation Rate in Czech Republic is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Czech Republic to stand at 2.50 in 12 months time. In the long-term, the Czech Republic Inflation Rate is projected to trend around 2.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.