Annual inflation rate in Czech republic increased to 3.6% in January of 2020 from 3.2% in December and above market forecasts of 3.2%. It is the highest inflation rate since March of 2012, mainly driven by prices of food and non-alcoholic beverages (6.3% vs 4.8% in December), namely bread and cereals, pork, dried, salted or smoked meat, cheese and curd, fruit and vegetables. Other upward pressures came from cost of alcoholic beverages and tobacco (3.5% vs 1.9%), garments (1.4% vs 0.3%), shoes (1.5% vs 1.2%) and fuels and lubricants for personal transport equipment (3.5% vs -1.2%). On a monthly basis, consumer prices jumped 1.5% after a 0.2% rise in December and above forecasts of 1%. It is the highest monthly inflation rate since January of 2009.

Inflation Rate in Czech Republic averaged 4.25 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. source: Czech Statistical Office

Inflation Rate in Czech Republic is expected to be 2.60 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 2.20 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.


Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Czech Republic Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.60 3.20 21.90 -0.40 1993 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2019-11-11 08:00 AM Oct 2.7% 2.7% 2.6% 2.6%
2019-12-10 08:00 AM Nov 3.1% 2.7% 2.9% 2.5%
2020-01-13 08:00 AM Dec 3.2% 3.1% 3.1% 3.1%
2020-02-14 08:00 AM Jan 3.6% 3.2% 3.2% 3%
2020-03-10 08:00 AM Feb 3.6% 2.6%
2020-04-14 07:00 AM Mar 2.6%
2020-05-13 07:00 AM Apr
2020-06-10 07:00 AM May


News Stream
Czech Republic Inflation Rate Highest since 2012
Annual inflation rate in Czech republic increased to 3.6% in January of 2020 from 3.2% in December and above market forecasts of 3.2%. It is the highest inflation rate since March of 2012, mainly driven by prices of food and non-alcoholic beverages (6.3% vs 4.8% in December), namely bread and cereals, pork, dried, salted or smoked meat, cheese and curd, fruit and vegetables. Other upward pressures came from cost of alcoholic beverages and tobacco (3.5% vs 1.9%), garments (1.4% vs 0.3%), shoes (1.5% vs 1.2%) and fuels and lubricants for personal transport equipment (3.5% vs -1.2%). On a monthly basis, consumer prices jumped 1.5% after a 0.2% rise in December and above forecasts of 1%. It is the highest monthly inflation rate since January of 2009.
2020-02-14
Czech Inflation Rate Rises to Over 7-Year High in December
The annual inflation rate in the Czech Republic increased to 3.2 percent in December 2019 from 3.1 percent in the previous month and above market expectations of 3.1 percent. It was the highest inflation rate since October 2012, driven by prices of housing and utilities (5.1 percent from 5.0 percent in November) and alcoholic beverages and tobacco (1.9 percent from 1.7 percent). Also, cost of transport rebounded (1.2 percent from -0.1 percent in November). On the other hand, cost slowed for food and non-alcoholic beverages (4.8 percent from 5.4 percent), miscellaneous goods and services (2.9 percent from 3.4 percent) and furnishings and household equipment (2 percent from 2.4 percent). On a monthly basis, consumer prices went up 0.2 percent, after a 0.3 percent gain in November and beating market consensus of 0.1 percent. Considering 2019 as a whole, the inflation rate was at 2.8 percent.
2020-01-13
Czech Inflation Rate Hits 7-Year High
The consumer price inflation in the Czech Republic rose to 3.1 percent year-on-year in November 2019 from 2.7 percent in the previous month, beating market expectations of 2.9 percent. That was the highest rate since October 2012, boosted by prices of housing and utilities (5.0 percent vs 4.9 percent), food and non-alcoholic beverages (5.4 percent vs 2.8 percent), recreation and culture (2.2 percent vs 2.0 percent), and miscellaneous goods and services (3.4 percent vs 3.3 percent). On a monthly basis, consumer prices advanced 0.3 percent, also beating market forecasts of 0.1 percent.
2019-12-10
Czech Republic Inflation Rate Steady at 2.7%
The Czech annual inflation rate came in at 2.7%, unchanged from the previous month and slightly above market expectations of 2.6%. Prices slowed for housing & utilities (4.9% vs 5.0% in September); transport (0.3% vs 0.5%); restaurants & hotels (4.6% vs 4.8%), alcoholic beverages & tobacco (1.9% vs 2.0%); and miscellaneous goods & services (3.3% vs 3.6%). Meantime, cost continued to fall for clothing & footwear (-0.8% vs -1.6%). Meanwhile, inflation quickened food & non-alcoholic beverages (2.8% vs 2.5%) and recreation & culture (2.0% vs 1.5%) and furnishings (1.8% vs 1.4%). On a monthly basis, consumer prices went up 0.5 percent, after decreasing 0.6 percent in the previous month.
2019-11-11

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.