The inflation rate in Czech Republic eased for the seventh straight month to 2.1 percent in February of 2021, the lowest since December of 2018 and below the market expectations of 2.2 percent. Prices slowed for recreation and culture (1 percent vs 2.1 in January); furnishing and household equipment (1.9 percent vs 3 percent); clothing and footwear (2.4 percent vs 4 percent); and health (3.8 percent vs 4 percent). In contrast, prices advanced faster for housing and utilities (0.7 percent vs 0.6 percent) and transport (1.5 percent vs 0.7 percent). The inflation for food and non-alcoholic beverages was flat at 0.6 percent. On a monthly basis, consumer prices went up 0.2 percent , after increasing 1.3 percent in the previous month. source: Czech Statistical Office
Inflation Rate in Czech Republic averaged 4.21 percent from 1993 until 2021, 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 April of 2021.
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 3.30 in 12 months time. In the long-term, the Czech Republic Inflation Rate is projected to trend around 2.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.