Czech Republic Inflation Rises to 3-Month High

The annual inflation rate in the Czech Republic rose to 1.9% year-on-year in March 2026, up from 1.4% in the previous month and slightly below market expectations of 2%, according to preliminary estimates. This marked the highest level since December 2025, driven by higher prices for services (4.7% vs 4.5% in February) and a rebound in goods prices (0.1% vs -0.7%). At the same time, the decline in energy prices eased (-1.7% vs -7.8%). Meanwhile, prices for food and non-alcoholic beverages fell (-1.1% vs 0.4%), while inflation in alcoholic beverages and tobacco slowed (3.3% vs 4%). On a monthly basis, consumer prices rose 0.6% in March, recovering from a 0.1% decline in February

Czech Republic’s inflation rate eased to 1.4% year-on-year in February 2026 from 1.6% in the previous month, confirming preliminary estimates. This marked the lowest reading since October 2016, as inflation slowed for food and non-alcoholic beverages (0.4% vs 1.3% in January), alcoholic beverages and tobacco (4% vs 4.7%), furnishings, household equipment, and maintenance (1.1% vs 1.3%), health (3.9% vs 4.4%), recreation and culture (1.7% vs 2.5%), and restaurants and hotels (4.6% vs 4.9%). On the other hand, costs increased for information and communication (2.4% vs 1.5%) and education (4.1% vs 4%), while prices fell at a softer pace for clothing and footwear (-2.3% vs -2.6%) and transportation (-1.5% vs -1.6%). On a monthly basis, consumer prices dropped 0.1% in February, reversing a 0.9% gain in the preceding period.

The annual inflation rate in the Czech Republic eased to 1.4% in February 2026 from 1.6% in the previous month, slightly below market expectations of 1.6%, according to preliminary estimates. This marked the lowest reading since October 2016, as price growth slowed for food and beverages (0.4% vs 1.3% in January), alcoholic beverages and tobacco (4% vs 4.7%), and services (4.5% vs 4.7%). Deflation in goods also deepened (-0.7% vs -0.4%), while it slightly eased for energy (-7.8% vs -7.9%). On a monthly basis, consumer prices fell 0.1% in February, reversing a 0.9% increase in the prior month.