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.