The annual inflation rate in Czech Republic edged down to 2.7 percent in June of 2019 from 2.9 percent in the previous month, and in line with market expectations. It was the lowest inflation rate since February, as cost slowed for housing & utilities (5.5 percent vs 5.8 percent in May); food & non-alcoholic beverages (2.7 percent vs 2.8 percent); alcoholic beverages & tobacco (1.8 percent vs 2.3 percent) and for miscellaneous goods & services (3.8 percent vs 4.2 percent). Additionally, transportation cost declined (-0.1 percent vs 0.9 percent). On the other hand, prices advanced faster for recreation & culture (1.4 percent vs 0.8 percent) and restaurants & hotels (4.1 percent vs 3.9 percent). On a monthly basis, consumer prices increased 0.2 percent, following a 0.7 percent rise in the previous month. Inflation Rate in Czech Republic averaged 4.28 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.
Inflation Rate in Czech Republic is expected to be 3.00 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 2.40 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.