The annual inflation rate in the Czech Republic increased to 3.2 percent in December 2019 from 3.1 percent in the previous month and above market expectations of 3.1 percent. It was the highest inflation rate since October 2012, driven by prices of housing and utilities (5.1 percent from 5.0 percent in November) and alcoholic beverages and tobacco (1.9 percent from 1.7 percent). Also, cost of transport rebounded (1.2 percent from -0.1 percent in November). On the other hand, cost slowed for food and non-alcoholic beverages (4.8 percent from 5.4 percent), miscellaneous goods and services (2.9 percent from 3.4 percent) and furnishings and household equipment (2 percent from 2.4 percent). On a monthly basis, consumer prices went up 0.2 percent, after a 0.3 percent gain in November and beating market consensus of 0.1 percent. Considering 2019 as a whole, the inflation rate was at 2.8 percent.

Inflation Rate in Czech Republic averaged 4.26 percent from 1993 until 2019, 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. source: Czech Statistical Office

Inflation Rate in Czech Republic is expected to be 2.60 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 2.20 in 12 months time. In the long-term, the Czech Republic Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

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Czech Republic Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.20 3.10 21.90 -0.40 1993 - 2019 percent Monthly
2005=100

Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 07:00 AM Sep 2.7% 2.9% 2.9% 3%
2019-11-11 08:00 AM Oct 2.7% 2.7% 2.6% 2.6%
2019-12-10 08:00 AM Nov 3.1% 2.7% 2.9% 2.5%
2020-01-13 08:00 AM Dec 3.2% 3.1% 3.1% 3.1%
2020-02-14 08:00 AM Jan 3.2% 2.7%


News Stream
2019-12-10
Czech Inflation Rate Hits 7-Year High
The consumer price inflation in the Czech Republic rose to 3.1 percent year-on-year in November 2019 from 2.7 percent in the previous month, beating market expectations of 2.9 percent. That was the highest rate since October 2012, boosted by prices of housing and utilities (5.0 percent vs 4.9 percent), food and non-alcoholic beverages (5.4 percent vs 2.8 percent), recreation and culture (2.2 percent vs 2.0 percent), and miscellaneous goods and services (3.4 percent vs 3.3 percent). On a monthly basis, consumer prices advanced 0.3 percent, also beating market forecasts of 0.1 percent.

2019-11-11
Czech Republic Inflation Rate Steady at 2.7%
The Czech annual inflation rate came in at 2.7%, unchanged from the previous month and slightly above market expectations of 2.6%. Prices slowed for housing & utilities (4.9% vs 5.0% in September); transport (0.3% vs 0.5%); restaurants & hotels (4.6% vs 4.8%), alcoholic beverages & tobacco (1.9% vs 2.0%); and miscellaneous goods & services (3.3% vs 3.6%). Meantime, cost continued to fall for clothing & footwear (-0.8% vs -1.6%). Meanwhile, inflation quickened food & non-alcoholic beverages (2.8% vs 2.5%) and recreation & culture (2.0% vs 1.5%) and furnishings (1.8% vs 1.4%). On a monthly basis, consumer prices went up 0.5 percent, after decreasing 0.6 percent in the previous month.

2019-10-10
Czech Inflation Rate Unexpectedly Slows in September
The annual inflation rate in Czech Republic decreased to 2.7% in September of 2019 from 2.9% in the previous month, below market expectations of 2.9%. Cost slowed for housing & utilities (5.0% vs 5.2% in August); food & non-alcoholic beverages (2.5% vs 3.9%); alcoholic beverages & tobacco (2.0% vs 2.4%) and recreation & culture (1.5% vs 1.9%) while prices continued to fall for clothing & footwear (-1.6% vs -1.3%) and communication (-1.6% vs -1.4%). On the other hand, transport cost rebounded (0.5% vs -0.3%) while inflation was steady for miscellaneous goods & services (at 3.6%). Additionally, prices advanced faster for furniture & household equipment (1.4% vs 1.2%); hotels & restaurants (4.8% vs 4.4%) and health (3.1% vs 2.9%). On a monthly basis, consumer prices dropped 0.6 percent, after increasing 0.1 percent in the previous month.

2019-09-10
Czech Annual Inflation Rate Steady at 2.9% in August
Annual inflation rate in Czech Republic came in at 2.9 percent in August 2019, unchanged from the previous month and slightly above market expectations of 2.8 percent. Prices slowed for housing & utilities (5.2 percent vs 5.5 percent in July); food & non-alcoholic beverages (3.9 percent vs 4.1 percent) and miscellaneous goods & services (3.6 percent vs 3.9 percent). On the other hand, prices advanced faster for alcoholic beverages and tobacco (2.4 percent vs 1.2 percent) and recreation & culture (1.9 percent vs 1.7 percent) while transport cost fell at a softer pace (-0.3 percent vs -0.7 percent). On a monthly basis, consumer prices rose 0.1 percent in August, following a 0.4 percent gain in the previous month.


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.