In May, consumer prices jumped 0.51% over the previous month, which nearly doubled the 0.26% increase observed in April. The price increase reflected higher prices for food and non-alcoholic beverages as well as automotive fuels. As result of the monthly spike, annual headline jumped from 1.6% in April to 2.0% in May, which represented the highest level since December 2010. The annual reading overshot market expectations of a 1.8% rise, as well as the Czech National Bank's estimate that inflation would inch up to 1.7%. At the current level, inflation matched the Central Bank's target rate of 2.0% 1.0 percentage points. The Central Bank expects inflation to rise to 2.3% in the final quarter of this year before inching down to 2.2% in the fourth quarter of 2012.
Czech Republic Inflation
Inflation rises to five-month high
June 9, 2011
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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%.