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.

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Czech Republic Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.10 21.90 -0.40 1993 - 2021 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2021-01-13 08:00 AM Dec 2.3% 2.7% 2.6% 2.5%
2021-02-12 08:00 AM Jan 2.2% 2.3% 1.7% 2.1%
2021-03-10 08:00 AM Feb 2.1% 2.2% 2.2% 2.4%
2021-04-13 07:00 AM Mar 2.3% 2.1% 2.4% 2.3%
2021-05-11 07:00 AM Apr 2.3%
2021-06-10 07:00 AM May
2021-07-13 07:00 AM Jun
2021-08-10 07:00 AM Jul


News Stream
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 January Inflation Rate at Over 2-Year Low
The inflation rate in the Czech Republic eased for the sixth straight month to 2.2% in January of 2021, the lowest since December of 2018 but above market expectations of 1.7%. Prices slowed for housing & utilities (0.6 % vs 1.2% in December); on the back of costs of actual rents (1.3% vs 2%); fees for refuse collection (3.8% vs 12.3%); electricity (-1.4% vs 2.5%) and natural gas (-4.7% vs -3.9%). Inflation also slowed for alcoholic beverages & tobacco (9.3% vs 10.7%); recreation & culture (2.1% vs 2.5%); restaurants & hotels (3.4% vs 4.1%) and miscellaneous goods & services (3.3% vs 3.9%). On a monthly basis, consumer prices increased 1.3%, the biggest rise since January last year and beating market expectations of 0.9%.
2021-02-12
Czech December Inflation Rate Lowest Since 2018
The inflation rate in the Czech Republic eased for the fifth straight month to 2.3 percent in December of 2020, the lowest since December of 2018 and below market expectations of 2.6 percent. The slowdown in inflation was mainly driven by lower prices of food & non-alcoholic beverages (-0.1 percent vs 1.9 percent in November) and communications (-1.2 percent vs -1.4 percent). Also, costs slowed for clothing & footwear (2.2 percent vs 3.7 percent); housing & utilities (1.2 percent vs 1.4 percent) and restaurants & hotels (4.1 percent vs 4.3 percent). On a monthly basis, consumer prices were down 0.2 percent, following a 0.2 percent increase in the previous month and against market estimates of a flat reading. Downward pressure came mostly from prices food & non-alcoholic beverages (-1.2 percent vs -0.1 percent), of which vegetables (-9.4 percent); and clothing & footwear (-1.3 percent vs flat reading).
2021-01-13

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.