Inflation Rate in Czech Republic decreased to 2.80 percent in June from 2.90 percent in May of 2021. source: Czech Statistical Office

Inflation Rate in Czech Republic averaged 4.19 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 July of 2021.

Inflation Rate in Czech Republic is expected to be 2.40 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.

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Czech Republic Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.80 2.90 21.90 -0.40 1993 - 2021 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-13 07:00 AM Mar 2.3% 2.1% 2.4% 2.3%
2021-05-11 07:00 AM Apr 3.1% 2.3% 2.7% 2.7%
2021-06-10 07:00 AM May 2.9% 3.1% 3.2% 3.1%
2021-07-13 07:00 AM Jun 2.8% 2.9% 2.7% 2.9%
2021-08-10 07:00 AM Jul
2021-09-10 07:00 AM Aug
2021-10-11 07:00 AM Sep
2021-11-10 08:00 AM Oct


News Stream
Czech Republic Inflation Rate Unexpectedly Slows
Annual inflation rate in the Czech Republic edged down to 2.9 percent in May of 2021 from 3.1 percent in April, mainly due to a 1.3 percent drop in food and non-alcoholic beverages cost which was the steepest fall since September of 2016. Prices of pork were lower by 10 percent, eggs by 8.9 percent, fruit by 4 percent and vegetables by 7.4 percent. On the other hand, biggest upward pressure came from cost of transport (9.6 percent), namely motor cars (6.9 percent) and automotive fuels and lubricants (22 percent), alcoholic beverages and tobacco (9.8 percent) and housing and utilities (1.8 percent). Ona monthly basis, consumer prices edged up 0.2 percent, easing from a 0.5 percent rise in April.
2021-06-10
Czech April Inflation Rate Quickens to 7-Month High
The annual inflation rate in the Czech Republic rose to 3.1 percent in April of 2021 from 2.3 percent in the prior month and above market expectations of 2.7 percent. It was the highest inflation rate since last September. Main upward pressure came from prices of transport (9.1 percent vs 5.2 percent in March), of which fuels (16.3 percent); and alcoholic beverages & tobacco (13 percent vs 9.9 percent). On a monthly basis, consumer prices were up 0.5 percent, following a 0.2 percent increase in the prior month and beating market consensus of a 0.2 percent rise.
2021-05-11
Czech March Inflation Rate Below Forecasts
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.
2021-04-13
Czech Republic Inflation Rate Lowest in Over 2 Years
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.
2021-03-10

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.