Czech Republic Inflation September 2016

Czech Republic

Inflation declines slightly in September

In September, consumer prices fell 0.2% from the previous month, matching August’s reading. According to the Czech Statistical Office, the print mainly reflected a decrease in prices for recreation and culture, due to the end of the summer season.

Inflation inched down in September, decreasing to 0.5% from August’s 0.6%. Consequently, inflation moved further below the lower bound of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in September was steady at August’s 0.3%.

The CNB expects average inflation of 0.4% for 2016 and of 1.9% for 2017. FocusEconomics Consensus Forecast panelists project that inflation will average 0.7% in 2016, which is unchanged from last month’s Consensus. For 2017, panelists expect inflation of 1.7%.

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Czech Republic Inflation Chart

Czech Republic Inflation September 2016

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Czech Statistical Office (CSO).

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