The inflation rate in the Czech Republic dropped to a five-month low of 2.9 percent in October 2020, from 3.2 percent in the previous month and below market consensus of 3.0 percent. Prices rose at a softer pace for housing and utilities (1.6 percent vs 2.5 percent in September), food and non-alcoholic beverages (3.2 percent vs 3.4 percent), alcoholic beverages, tobacco (9.4 percent vs 10.3 percent), and recreation and culture (2.4 percent vs 2.6 percent). Meanwhile, miscellaneous goods and services inflation was unchanged at 3.4 percent, while transport cost rebounded 0.5 percent, after being flat in September. On a monthly basis, consumer prices rose 0.2 percent in October. source: Czech Statistical Office

Inflation Rate in Czech Republic averaged 4.23 percent from 1993 until 2020, 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 November of 2020.

Inflation Rate in Czech Republic is expected to be 1.80 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 2.00 in 12 months time. In the long-term, the Czech Republic Inflation Rate is projected to trend around 2.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.

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Czech Republic Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.20 21.90 -0.40 1993 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-08-13 07:00 AM Jul 3.4% 3.3% 3.1% 3.1%
2020-09-10 07:00 AM Aug 3.3% 3.4% 3.3% 3.1%
2020-10-12 07:00 AM Sep 3.2% 3.3% 3.5% 3.4%
2020-11-10 08:00 AM Oct 2.9% 3.2% 3% 3.2%
2020-12-10 08:00 AM Nov 2.9%
2021-01-13 08:00 AM Dec
2021-02-15 08:00 AM Jan
2021-03-10 08:00 AM Feb


News Stream
Czech Inflation Rate Eases to 5-Month Low
The inflation rate in the Czech Republic dropped to a five-month low of 2.9 percent in October 2020, from 3.2 percent in the previous month and below market consensus of 3.0 percent. Prices rose at a softer pace for housing and utilities (1.6 percent vs 2.5 percent in September), food and non-alcoholic beverages (3.2 percent vs 3.4 percent), alcoholic beverages, tobacco (9.4 percent vs 10.3 percent), and recreation and culture (2.4 percent vs 2.6 percent). Meanwhile, miscellaneous goods and services inflation was unchanged at 3.4 percent, while transport cost rebounded 0.5 percent, after being flat in September. On a monthly basis, consumer prices rose 0.2 percent in October.
2020-11-10
Czech September Inflation Rate Below Forecasts
The Czech annual inflation rate edged down to a four-month low of 3.2 percent in September of 2020 from 3.3 percent in August and below market expectations of 3.5 percent. Prices slowed mostly for food & non-alcoholic beverages (3.4 percent vs 4.4 percent in August); housing & utilities(2.5 percent vs 2.9 percent) and alcoholic beverages and tobacco (10.3 percent vs 10.5 percent). Meantime, transport prices were flat, following a 0.6 percent drop in the prior month. On a monthly basis, consumer prices went down 0.6 percent, after increasing 0.4 percent in the prior month and compared with market expectations of a 0.3 percent decrease.
2020-10-12
Czech July Inflation Rate Above Forecasts
The Czech inflation rate rose to a four-month high of 3.4 percent year-on-year in July 2020, up from 3.3 percent in June and compared to market expectations of 3.1 percent. Prices rose for housing and utilities (2.9 percent vs 3.0 percent), food and non-alcoholic beverages (4.4 percent vs 5.4 percent), alcoholic beverages and tobacco (10.5 percent vs 9.6 percent), recreation and culture (2.2 percent vs 2.0 percent) and miscellaneous goods and services (3.4 percent vs 3.8 percent). At the same time, transport prices dropped 0.6 percent, easing from a 2.6 percent plunge in June.
2020-08-13
Czech Inflation Rate Rises to 3.3% in June
The inflation rate in Czech Republic rose to 3.3 percent in June 2020 from 2.9 percent in the previous month and above market expectations of 2.9 percent. Prices advanced further for alcoholic beverages & tobacco (9.6 percent vs 5.8 percent in May), mainly due to tobacco products and beer; clothing & footwear (3.7 percent vs 2.9 percent); furnishings & household equipment (3.3 percent vs 3.1 percent); health (2.3 percent vs 1.9 percent); recreation & culture (2 percent vs 1.8 percent); education (4.1 percent vs 4 percent); and miscellaneous goods & services (3.8 percent vs 3.2 percent). Also, cost of transport fell less (-2.6 percent vs -3.9 percent). Meanwhile, prices slowed for food & non-alcoholic beverages (5.4 percent vs 6.3 percent), mainly due to meat, sausages and smoked meat; and housing & utilities (3 percent vs 3.2 percent). On a monthly basis, consumer prices went up 0.6 percent, following a 0.4 percent gain in the prior month.
2020-07-10

Czech Republic Inflation Rate
In Czech Republic, the most important category in the consumer price index is Housing and Utilities (26.6 percent of total weight). 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. 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.