In September, consumer prices dropped 0.1% over the previous month, which mirrored declines of the same magnitude in August and July. According to the statistical institute, the monthly decline was the result of lower prices for recreation and culture, which was enough to offset higher prices for transport as well as for clothing and footwear. Despite the monthly drop, annual headline inflation inched up from 3.3% in August to 3.4% in September, which was in line with market expectations, but fell short of the Central Bank's estimate that had inflation rising to 3.5%. At the current level, inflation remains above the Central Bank's target of 2.0% (with a tolerance margin of plus/minus 1.0 percentage points).
Czech Republic Inflation
Inflation rises in September as expected
October 9, 2012
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Czech Republic Inflation Chart
Note: Month-on-month and year-on-year variation of consumer price index in %.
Source: Czech Statistical Office (CSO).
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%.