In August, consumer prices fell 0.26% over the previous month, which reversed the price increase of the same magnitude seen in July. The monthly drop was less severe than market expectations, which had consumer prices falling a more moderate 0.10%. According the National Statistics Office, the main driver behind the monthly drop was lower prices for food and non-alcoholic beverages. Annual headline inflation remained unchanged at July's 1.7% in August, undershooting both market expectations of a 1.9% rise as well as the Central Bank's estimate that had inflation rising to 2.1%. As a result, inflation remained below the Central Bank's target of 2.0% 1.0 percentage points for the third consecutive month. The Central Bank projects inflation to close at 2.3% by the end of this year, before rising to 3.2% at the end of 2012.
Czech Republic Inflation
Inflation remains steady in August
September 9, 2011
Looking for forecasts related to Inflation in Czech Republic? Download a sample report now.
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%.