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. source: Czech Statistical Office
Inflation Rate in Czech Republic averaged 4.33 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 July of 2022.
Inflation Rate in Czech Republic is expected to be 16.40 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.