Cost of food in Czech Republic increased 4.80 percent in December of 2019 over the same month in the previous year. Food Inflation in Czech Republic averaged 2.12 percent from 2000 until 2019, reaching an all time high of 12 percent in January of 2008 and a record low of -6.50 percent in July of 2009.
Food Inflation in Czech Republic is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Czech Republic to stand at 2.20 in 12 months time. In the long-term, the Czech Republic Food Inflation is projected to trend around 2.10 percent in 2020, according to our econometric models.