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.