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.

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Czech Republic Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-10 07:00 AM Apr 14.2% 12.7% 13.2% 14.2%
2022-06-10 07:00 AM May 16% 14.2% 15.4% 15.5%
2022-07-13 07:00 AM Jun 16% 16.4%


Related Last Previous Unit Reference
Inflation Rate 16.00 14.20 percent May 2022
Inflation Rate Mom 1.80 1.80 percent May 2022
Consumer Price Index CPI 132.90 130.60 points May 2022
Harmonised Consumer Prices 131.50 129.10 points May 2022
GDP Deflator 122.60 120.90 points Mar 2022
Producer Prices 138.60 136.00 points May 2022
Producer Prices Change 27.90 26.60 percent May 2022
Export Prices 114.70 114.40 points Apr 2022
Import Prices 116.40 116.70 points Apr 2022
Food Inflation 15.10 10.70 percent May 2022
CPI Transportation 136.80 134.60 points May 2022
CPI Housing Utilities 140.20 138.10 points May 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
16.00 14.20 21.90 -0.40 1993 - 2022 percent Monthly
2005=100

News Stream
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
Czech Inflation Rate Highest Since 1993
Annual inflation rate in the Czech Republic accelerated for the tenth straight month to 14.2 percent in April of 2022, the highest since December of 1993 and above forecasts of 13.2 percent. Main upward pressure came from cost of housing and utilities (20 percent vs 17.6 percent in March), namely electricity (30.1 percent), natural gas (44.2 percent) and solid fuels (24.1 percent); food and non-alcoholic beverages (10.7 percent vs 7.7 percent); clothing and footwear (19.3 percent vs 18.3 percent); recreation and culture (10.5 percent vs 9.9 percent); and miscellaneous goods and services (9.3 percent vs 7.4 percent).
2022-05-10
Czech Republic Inflation Rate Highest since 1998
Annual inflation rate in the Czech Republic accelerated for the ninth straight month to 12.7% in March of 2022, the highest since May of 1998 and above forecasts of 12.4%. Main upward pressure came from cost housing and utilities (17.6%), namely electricity (24.7%) and natural gas (37.7%); and transport (21.6%), mainly fuels and lubricants for personal transport equipment (50.6%). Petrol Natural 95 was sold in average for about CZK 44.50 per litre at petrol stations and diesel for CZK 47 per litre. On a monthly basis, consumer prices increased 1.7%.
2022-04-11