The annual inflation rate in Czech Republic rose to 2.3 percent in March of 2021 from 2.1 percent in the prior month and slightly below market expectations of 2.4 percent. It was the highest inflation rate since last December. Main upward pressure came from prices of alcoholic beverages & tobacco (9.9 percent vs 10.5 percent in February) and transport (5.2 percent vs 1.5 percent), amid higher prices of motor cars (9.3 percent) and automotive fuels and lubricants (1.1 percent vs -9.8 percent). In contrast, costs fell for food & non-alcoholic beverages (-0.3 percent vs 0.6 percent) and communications (-0.1 percent vs -1.2 percent). On a monthly basis, consumer prices were up 0.2 percent, the same pace as in the previous month and slightly below market estimates of a 0.3 percent increase. source: Czech Statistical Office
Inflation Rate in Czech Republic averaged 4.20 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 2.60 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 2.50 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.