Czechia Inflation Rate Edges Lower

The annual inflation rate in the Czech Republic edged down to 2.4% in October 2026, below market expectations and September’s five-month high of 2.5%, preliminary estimates showed. Prices increased at a softer pace for energy (5.6% vs 5.9% in September), services (4.5% vs 4.6%) and goods (0.9% vs 1.2%). At the same time, prices moderated for alcoholic beverages and tobacco (4% vs 4.6%), while deflation deepened for food and soft drinks (-4% vs -3.5%), processed foods, alcohol and tobacco (-0.8% vs -0.5%), and unprocessed foods (-3.5% vs -2.4%). On a monthly basis, consumer prices rose 0.4% after remaining flat in September, slightly below market expectations of 0.5%.

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.