The inflation rate in Czech Republic edged down to 2.9 percent in May of 2020 from 3.2 percent in April, reaching the lowest rate in seven months. Still, figures came above market forecasts of 2.6 percent. A slowdown was seen in cost of food and non-alcoholic beverages (6.3 percent vs 7.8 percent), mainly due to meat, cheese, vegetables, sugar and butter; clothing and footwear (2.9 percent vs 3.6 percent); housing and utilities (3.2 percent vs 3.5 percent), mainly water supply and sewage. In contrast, prices of alcoholic beverages and tobacco rose faster (5.8 percent vs 4.3 percent), mainly due to tobacco products. On a monthly basis, consumer prices went up 0.4 percent, rebounding from a 0.2 percent drop in April. Czech Republic started lifting coronavirus lockdown restrictions on April 20th.

Inflation Rate in Czech Republic averaged 4.24 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 July of 2020. source: Czech Statistical Office

Inflation Rate in Czech Republic is expected to be 2.30 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 1.50 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.

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Czech Republic Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.90 3.20 21.90 -0.40 1993 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-10 08:00 AM Feb 3.7% 3.6% 3.7% 3.6%
2020-04-14 07:00 AM Mar 3.4% 3.7% 3.5% 3.4%
2020-05-13 07:00 AM Apr 3.2% 3.4% 3.1% 3.1%
2020-06-10 07:00 AM May 2.9% 3.2% 2.6% 2.9%
2020-07-10 07:00 AM Jun 2.9% 2.3%
2020-08-13 07:00 AM Jul
2020-09-10 07:00 AM Aug
2020-10-12 07:00 AM Sep 1.6%


News Stream
Czech Republic Inflation Rate Lowest in 7 Months
The inflation rate in Czech Republic edged down to 2.9 percent in May of 2020 from 3.2 percent in April, reaching the lowest rate in seven months. Still, figures came above market forecasts of 2.6 percent. A slowdown was seen in cost of food and non-alcoholic beverages (6.3 percent vs 7.8 percent), mainly due to meat, cheese, vegetables, sugar and butter; clothing and footwear (2.9 percent vs 3.6 percent); housing and utilities (3.2 percent vs 3.5 percent), mainly water supply and sewage. In contrast, prices of alcoholic beverages and tobacco rose faster (5.8 percent vs 4.3 percent), mainly due to tobacco products. On a monthly basis, consumer prices went up 0.4 percent, rebounding from a 0.2 percent drop in April. Czech Republic started lifting coronavirus lockdown restrictions on April 20th.
2020-06-10
Czech Inflation Rate Eases to 4-Month Low in April
The inflation rate in Czech Republic fell to 3.2 percent year-on-year in April 2020 from 3.4 percent in the previous month but slightly above market expectations of 3.1 percent. It was the lowest inflation rate since December last year, as prices slowed for food & non-alcoholic beverages (4.6 percent from 6.4 percent in March), alcoholic beverages & tobacco (2.5 percent from 3.8 percent), recreation & culture (1.8 percent from 2.3 percent) and restaurants & hotels (4.8 percent from 5.5 percent). On the other hand, cost advanced further for transport (0.2 percent from 0.1 percent) and housing & utilities (4.8 percent from 3.8 percent). On a monthly basis, consumer prices went down 0.2 percent, following a 0.1 percent fall in the prior month.
2020-05-13
Czech Inflation Rate Below Forecasts in March
The inflation rate in Czech Republic eased to 3.4 percent year-on-year in March 2020 from 3.7 percent in the previous month, slightly below market expectations of 3.5 percent. Prices rose at a slower pace for transport (0.1 percent vs 2.7 percent), housing & utilities (3.8 percent vs 4.2 percent) and restaurants & hotels (5.5 percent vs 5.6 percent). Meanwhile, inflation picked up for food & non-alcoholic beverages (6.4 percent vs 5.5 percent), alcoholic beverages & tobacco (3.8 percent vs 3.1 percent), and recreation & culture (2.3 percent vs 2.1 percent).
2020-04-14
Czech Inflation Rate Hits 8-Year High
The inflation rate in the Czech Republic rose to 3.7 percent year-on-year in February 2020 from 3.6 percent in the previous month, in line with market expectations. That was the highest rate since March 2012, mainly boosted by prices of transport (2.7 percent vs 2.3 percent), recreation and culture (2.1 percent vs 2.0 percent) and miscellaneous goods and services (3.7 percent vs 3.4 percent). On the other hand, inflation slowed for housing and utilities (4.2 percent vs 4.6 percent), food and non-alcoholic beverages (5.5 percent vs 6.3 percent) and alcoholic beverages and tobacco (3.1 percent vs 3.5 percent). On a monthly basis, consumer prices increased 0.3 percent.
2020-03-10

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.