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.