Czech Republic Inflation Rate Confirmed at 2.1%

The annual inflation rate in the Czech Republic rose to 2.5% in September 2026 from 1.9% in the previous month, confirming preliminary estimates. This marked the highest reading since April, driven by an acceleration in transport costs (13.2% vs. 9.6% in August), with fuel and lubricant prices surging by 37.5% year-on-year, and a moderation in the deflation of food and non-alcoholic beverages (-3.5% vs. -4.3%). Prices also rose faster for housing and utilities (1.7% vs. 1.5%), recreation and culture (2.5% vs. 0.4%), personal care, social protection, and miscellaneous goods and services (4.0% vs. 3.8%), information and communication (2.9% vs. 2.0%), and education (4.7% vs. 4.0%). Meanwhile, inflation eased for alcoholic beverages and tobacco (4.6% vs. 4.7%), health (3.8% vs. 4.2%), and restaurants and accommodation services (4.2% vs. 4.3%). On a monthly basis, consumer prices were unchanged in September, down from a 0.3% increase in August.

The annual inflation rate in the Czech Republic rose to 2.5% in September 2026 from 1.9% in August, slightly above expectations of 2.4%, according to preliminary estimates. This marked the highest reading since April, as price growth accelerated for energy (5.9% vs 2.3% in August) and goods (1.2% vs 0.2%), while it also edged up for services (4.6% vs 4.5%). At the same time, deflation eased for food and soft drinks (-3.5% vs -4.3%). Meanwhile, inflation eased slightly for alcoholic beverages and tobacco (4.6% vs 4.7%). On a monthly basis, consumer prices were unchanged in September after rising 0.3% in August, marking the lowest reading since June.

The annual inflation rate in the Czech Republic rose to 1.9% in August 2026, confirming preliminary estimates and up from 1.7% in July. The latest reading also marked the highest inflation rate since May, mainly driven by faster price growth in transport, which accelerated to 9.6% from 6.6% in July. Within the category, fuels and lubricants surged 26.2% year-on-year (vs 16.8%), with average diesel prices reaching their highest level since October 2022. Housing inflation also remained elevated at 5.4%, with rents rising 6.1% and prices for materials and services for minor repairs and maintenance increasing 5.4%. Meanwhile, food and non-alcoholic beverages recorded deeper deflation, with prices falling 4.3% after a 3.1% decline in the previous month. Additionally, electricity prices fell 11.2% and natural gas 4.8%. On a monthly basis, consumer prices grew by 0.3% in August, easing from a 0.6% gain in the preceding period.