The annual inflation rate in the Czech Republic rose to 4.9 percent in September of 2021 from 4.1 percent in August, beating market expectations of 4.5 percent. It was the highest inflation rate since October of 2008, mainly driven by prices of housing and utilities (4.7 percent vs 3.5 percent); transport (9.6 percent vs 8.6 percent); food and non-alcoholic beverages (1.9 percent vs 1.6 percent in August); clothing and footwear (9.4 percent vs 8.1 percent); and recreation and culture (4.2 percent vs 3.2 percent). On a monthly basis, consumer prices went up by 0.2 percent, slowing from a 0.7 percent increase in the previous month and above market forecasts of a 0.2 percent decrease. source: Czech Statistical Office

Inflation Rate in Czech Republic averaged 4.19 percent from 1993 until 2021, 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 October of 2021.

Inflation Rate in Czech Republic is expected to be 3.30 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 2.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Czech Republic Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-07-13 07:00 AM Jun 2.8% 2.9% 2.7% 2.9%
2021-08-10 07:00 AM Jul 3.4% 2.8% 2.9% 2.7%
2021-09-10 07:00 AM Aug 4.1% 3.4% 3.4%
2021-10-11 07:00 AM Sep 4.9% 4.1% 4.5% 4.7%
2021-11-10 08:00 AM Oct
2021-12-10 08:00 AM Nov


News Stream
Czech September Inflation at near 13-Year High
The annual inflation rate in the Czech Republic rose to 4.9 percent in September of 2021 from 4.1 percent in August, beating market expectations of 4.5 percent. It was the highest inflation rate since October of 2008, mainly driven by prices of housing and utilities (4.7 percent vs 3.5 percent); transport (9.6 percent vs 8.6 percent); food and non-alcoholic beverages (1.9 percent vs 1.6 percent in August); clothing and footwear (9.4 percent vs 8.1 percent); and recreation and culture (4.2 percent vs 3.2 percent). On a monthly basis, consumer prices went up by 0.2 percent, slowing from a 0.7 percent increase in the previous month and above market forecasts of a 0.2 percent decrease.
2021-10-11
Czech Inflation Rate Unexpectedly Quickens
The annual inflation rate in the Czech Republic rose to 4.1 percent in August of 2021 from 3.4 percent in July, while markets had expected it to remain steady at 3.4 percent. It is the highest inflation rate since November of 2008, mainly driven by prices of transport (8.6 percent vs 8.2 percent in July); clothing & footwear (8.1 percent vs 6 percent); alcoholic beverages & tobacco (6.6 percent vs 6.1 percent) housing & utilities (3.5 percent vs 2.5 percent) and food & non-alcoholic beverages (1.6 percent vs 0.8 percent). On a monthly basis, consumer prices went up 0.7 percent, following a 1 percent rise in the previous month and above market forecasts of a 0.1 percent increase.
2021-09-10
Czech Republic Inflation Rate Unexpectedly Slows
Annual inflation rate in the Czech Republic edged down to 2.9 percent in May of 2021 from 3.1 percent in April, mainly due to a 1.3 percent drop in food and non-alcoholic beverages cost which was the steepest fall since September of 2016. Prices of pork were lower by 10 percent, eggs by 8.9 percent, fruit by 4 percent and vegetables by 7.4 percent. On the other hand, biggest upward pressure came from cost of transport (9.6 percent), namely motor cars (6.9 percent) and automotive fuels and lubricants (22 percent), alcoholic beverages and tobacco (9.8 percent) and housing and utilities (1.8 percent). Ona monthly basis, consumer prices edged up 0.2 percent, easing from a 0.5 percent rise in April.
2021-06-10
Czech April Inflation Rate Quickens to 7-Month High
The annual inflation rate in the Czech Republic rose to 3.1 percent in April of 2021 from 2.3 percent in the prior month and above market expectations of 2.7 percent. It was the highest inflation rate since last September. Main upward pressure came from prices of transport (9.1 percent vs 5.2 percent in March), of which fuels (16.3 percent); and alcoholic beverages & tobacco (13 percent vs 9.9 percent). On a monthly basis, consumer prices were up 0.5 percent, following a 0.2 percent increase in the prior month and beating market consensus of a 0.2 percent rise.
2021-05-11

Czech Republic Last Unit Reference Previous Highest Lowest
Inflation Rate 4.90 percent Sep/21 4.10 21.90 -0.40
Inflation Rate Mom 0.20 percent Sep/21 0.70 3.89 -0.84
Consumer Price Index CPI 117.40 points Sep/21 117.20 117.40 50.60
Harmonised Consumer Prices 104.00 points Sep/21 103.10 112.40 99.30
GDP Deflator 118.00 points Jun/21 115.80 118.00 59.30
Producer Prices 113.20 points Sep/21 112.40 113.20 28.20
Producer Prices Change 9.90 percent Sep/21 9.30 77.40 -5.40
Export Prices 105.20 points Aug/21 105.50 105.50 89.80
Import Prices 102.30 points Aug/21 102.00 111.50 86.50
Food Inflation 1.90 percent Sep/21 1.60 12.00 -6.50
CPI Transportation 115.60 points Sep/21 114.70 115.60 64.20
CPI Housing Utilities 119.70 points Sep/21 118.30 119.70 24.80


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.