In December, consumer prices rose 0.42% over the previous month, which followed an increase of virtually the same magnitude in November, but was below the 0.52% increase registered in December 2010. The monthly increase reflected higher prices for food and non-alcoholic beverages, as well as for housing, water, electricity and gas. Annual headline inflation inched down to 2.4% in December from 2.5% in November, which slightly undershot market expectations that had inflation remaining at 2.5%, but came in well above the Central Bank's estimate, which had inflation falling to 1.7%. Inflation closed the year above the Central Bank's target of 2.0% (with a tolerance margin of 1.0 percentage points). The Central Bank expects inflation to rise to 2.8% by the end of this year. For 2013, monetary officials estimate inflation to fall to 1.6%.
Czech Republic Inflation
Inflation edges down in December
January 14, 2012
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Czech Republic Economic News
October 24, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from September’s 97.1 points to 97.5 points in October, marking a nine-month high.
October 10, 2016
In September, consumer prices fell 0.2% from the previous month, matching August’s reading.
October 7, 2016
Industrial production grew 13.1% year-on-year in August, which sharply contrasted the 14.1% fall registered in July and was the best result since May 2011.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit rose from August’s 50.1 to a four-month high of 52.0 in September.
September 29, 2016
At its meeting on 29 September, the Czech National Bank (CNB) decided to leave the two-week repo rate unchanged at its so-called “technical zero” of 0.05%.