The annual inflation rate in the Czech Republic accelerated to 17.5 percent in July of 2022 from 17.2 percent in the previous month, still below market expectations of 17.6 percent. It was the highest reading since December of 1993, as prices advanced faster for housing & utilities (23.1 percent vs. 22.8 percent in June), food & non-alcoholic beverages (19.3 percent vs. 18.0 percent), and miscellaneous goods & services (11.1 percent vs. 10.1 percent). On the other hand, prices rose at a softer pace for transport (23 percent vs. 24 percent) and recreation & culture (12.5 percent vs. 12.6 percent). Monthly, consumer prices rose 1.3 percent, easing from a 1.6 percent increase in June and below market forecasts of 1.4 percent. source: Czech Statistical Office

Inflation Rate in Czech Republic averaged 4.40 percent from 1993 until 2022, 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 August of 2022.

Inflation Rate in Czech Republic is expected to be 15.00 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 6.30 percent in 2023 and 4.30 percent in 2024, according to our econometric models.

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Czech Republic Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-07-13 07:00 AM Jun 17.2% 16% 17% 17.2%
2022-08-10 07:00 AM Jul 17.5% 17.2% 17.6% 17.3%
2022-09-12 07:00 AM Aug 17.5%


Related Last Previous Unit Reference
Inflation Rate 17.50 17.20 percent Jul 2022
Inflation Rate MoM 1.30 1.60 percent Jul 2022
Consumer Price Index CPI 136.80 135.00 points Jul 2022
Harmonised Consumer Prices 133.50 131.50 points Jun 2022
GDP Deflator 122.60 120.90 points Mar 2022
Producer Prices 140.50 138.60 points Jun 2022
Producer Prices Change 26.80 28.50 percent Jul 2022
Export Prices 119.20 118.20 points Jun 2022
Import Prices 120.50 118.80 points Jun 2022
Food Inflation 19.30 18.00 percent Jul 2022
CPI Transportation 140.00 139.20 points Jul 2022
CPI Housing Utilities 144.30 142.70 points Jul 2022

Czech Republic Inflation Rate
In Czech Republic, the most important category in the consumer price index is Housing and Utilities (26.6 percent of total weight). Food and Non-Alcoholic Beverages accounts for 17.1 percent; Transport for 10.1 percent; Alcoholic beverages and Tobacco for 9.5 percent; Recreation and Culture for 8.8 percent and Miscellaneous Goods and Services for 6.8 percent. Furniture, Household Goods and Maintenance; Restaurants and Hotels; Clothing and Footwear; Communication; Health and Education account for the remaining 21.1 percent of total weight.
Actual Previous Highest Lowest Dates Unit Frequency
17.50 17.20 21.90 -0.40 1993 - 2022 percent Monthly
2005=100

News Stream
Czech Inflation Rate Hits Highest Level Since 1993
The annual inflation rate in the Czech Republic accelerated to 17.5 percent in July of 2022 from 17.2 percent in the previous month, still below market expectations of 17.6 percent. It was the highest reading since December of 1993, as prices advanced faster for housing & utilities (23.1 percent vs. 22.8 percent in June), food & non-alcoholic beverages (19.3 percent vs. 18.0 percent), and miscellaneous goods & services (11.1 percent vs. 10.1 percent). On the other hand, prices rose at a softer pace for transport (23 percent vs. 24 percent) and recreation & culture (12.5 percent vs. 12.6 percent). Monthly, consumer prices rose 1.3 percent, easing from a 1.6 percent increase in June and below market forecasts of 1.4 percent.
2022-08-10
Czech Inflation Rate Hits Highest Level Since 1993
The annual inflation rate in the Czech Republic accelerated to 17.2 percent in June of 2022 from 16 percent in the previous month, beating market expectations of 17 percent. It was the highest reading since December of 1993, as prices advanced faster for housing & utilities (22.8 percent vs. 21.3 percent in May), food & non-alcoholic beverages (18 percent vs. 15.1 percent), and transport (24 percent vs. 22.6 percent). Prices also increased faster for alcoholic beverages & tobacco (6.4 percent vs. 5.8 percent), recreation & culture (12.6 percent vs. 10.9 percent), and miscellaneous goods & services (10.1 percent vs. 9.6 percent). Monthly, consumer prices rose 1.6 percent, easing from a 1.8 percent increase in May but beating market forecasts of 1.5 percent raise.
2022-07-13
Czech Inflation Rate Highest Since 1993
Annual inflation rate in the Czech Republic accelerated to 16 percent in May of 2022 from 14.2 percent in the previous month, beating market expectations of 15.5 percent. It was the highest inflation rate since December of 1993, underpinned by prices of housing and utilities (21.3 percent vs 20 percent in April), namely natural gas (49.2 percent) and solid fuels (30.1 percent); food and non-alcoholic beverages (15.1 percent vs 10.7 percent); and transport (22.6 percent vs 21.5 percent). Additional upward pressure came from clothing and footwear (20.8 percent vs 19.3 percent); miscellaneous goods and services (9.6 percent vs 9.3 percent), recreation and culture (10.9 percent vs 10.5 percent); and health (8.4 percent vs 8 percent). On a monthly basis, consumer prices rose 1.8 percent, same as that of the last month and beating market forecasts of 1.3 percent increase.
2022-06-10