Czech Republic Inflation September 2021

Czech Republic

Czech Republic: Inflation jumps to nearly 13-year high in September

October 15, 2021

Consumer prices rose 0.17% from the previous month in September, following August’s 0.69% rise. Looking at the details of the release, September’s increase mainly reflected rising prices for electricity, garments and tobacco.

Meanwhile, inflation jumped to 4.9% in September from August’s 4.1%, and thus marked the highest reading since October 2008 and moved further above the higher bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation rose to 3.0% in September from 2.8% in August.

FocusEconomics Consensus Forecast panelists forecast that inflation will average 2.7% in 2022, which is unchanged from last month’s Consensus, and 2.5% in 2023.


Author: Massimo Bassetti, Senior Economist

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Czech Republic Inflation Chart


Czech Republic Inflation September 2021

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


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