Czechia Inflation Edges Higher in July

The annual inflation rate in the Czech Republic rose to 1.7% in July 2026 from 1.5% in the previous month, in line with market expectations, according to preliminary estimates. Service price inflation picked up (4.7% vs. 4.5% in June), while deflation eased for food and beverages (-3.1% vs. -3.4%), energy (-0.3% vs. -1.0%), and goods (-0.2% vs. -0.4%). Meanwhile, inflation slowed for alcoholic beverages and tobacco (3.7% vs. 4.3%). On a monthly basis, consumer prices rose 0.6% in July, rebounding from a 0.3% decline in June and marking the strongest monthly increase since March.

The annual inflation rate in the Czech Republic rose to 1.5% in June 2026, confirming initial estimates and slowing from 2.1% in the previous month. This marked the lowest reading since February, driven largely by declines in prices for food and non-alcoholic beverages (-3.4% vs -1.9% in May) and clothing and footwear (-2.7% vs -2.5%). At the same time, inflation softened for transport (5.7% vs 9.4%), information and communication (1.9% vs 2.5%), and recreation, sport and culture (2.7% vs 3%). In contrast, costs increased at a faster pace for alcoholic beverages and tobacco (4.3% vs 3.7%), furnishings, household equipment and routine maintenance (1.3% vs 1.1%), and health (3.4% vs 2.8%), while inflation remained steady for housing and utilities (at 1.3%). On a monthly basis, consumer prices fell by 0.3% in June, marking the first decline in four months and reversing a 0.1% gain in the preceding period.

The annual inflation rate in the Czech Republic eased to 1.5% in June 2026 from 2.1% in the previous month, coming in slightly below market expectations of 1.9%, according to preliminary estimates. This marked the lowest reading since February, as prices declined further for food and soft drinks (-3.4% vs -1.9% in May), while it fell for energy prices (-1.0% vs 1.8%) and goods (-0.4% vs 0.6%). Meanwhile, services inflation eased (4.5% vs 4.7%), while costs for alcoholic beverages and tobacco rose at a faster pace (4.3% vs 3.7%). On a monthly basis, consumer prices fell 0.3% in June, reversing a 0.1% increase in May and coming in below market expectations of no change.