The annual inflation rate in the Czech Republic rose to 4.1 percent in August of 2021 from 3.4 percent in July, while markets had expected it to remain steady at 3.4 percent. It is the highest inflation rate since November of 2008, mainly driven by prices of transport (8.6 percent vs 8.2 percent in July); clothing & footwear (8.1 percent vs 6 percent); alcoholic beverages & tobacco (6.6 percent vs 6.1 percent) housing & utilities (3.5 percent vs 2.5 percent) and food & non-alcoholic beverages (1.6 percent vs 0.8 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 1 percent rise in the previous month and above market forecasts of a 0.1 percent increase. 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 September 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. 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.