The Czech annual inflation rate dropped to 2.0 percent in November 2018 from 2.2 percent in the prior month and matching market expectations. It is the lowest inflation rate since April, as prices decreased for food & non-alcoholic beverages (-1.2 percent vs 0.2 percent in October) and slowed for transport (2.9 percent vs 3.3 percent) and miscellaneous goods & services (4.0 percent vs 4.1 percent). In contrast, inflation picked up for housing & utilities (3.9 percent vs 3.5 percent) and restaurants & hotels (3.8 percent vs 3.5 percent). On a monthly basis, consumer prices decreased 0.1 percent compared to a 0.4 percent rise in October and market expectations of a 0.2 percent drop. Inflation Rate in Czech Republic averaged 4.32 percent from 1993 until 2018, 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.
Inflation Rate in Czech Republic is expected to be 2.40 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 2.10 in 12 months time. In the long-term, the Czech Republic Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.