The Czech annual inflation rate edged down to a four-month low of 3.2 percent in September of 2020 from 3.3 percent in August and below market expectations of 3.5 percent. Prices slowed mostly for food & non-alcoholic beverages (3.4 percent vs 4.4 percent in August); housing & utilities(2.5 percent vs 2.9 percent) and alcoholic beverages and tobacco (10.3 percent vs 10.5 percent). Meantime, transport prices were flat, following a 0.6 percent drop in the prior month. On a monthly basis, consumer prices went down 0.6 percent, after increasing 0.4 percent in the prior month and compared with market expectations of a 0.3 percent decrease. source: Czech Statistical Office
Inflation Rate in Czech Republic averaged 4.23 percent from 1993 until 2020, 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 2020.
Inflation Rate in Czech Republic is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Czech Republic to stand at 2.00 in 12 months time. In the long-term, the Czech Republic Inflation Rate is projected to trend around 2.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.