Consumer prices rose 0.2% over the previous month in February, which was slightly higher than the 0.1% increase observed in January. According to the statistical office, the monthly increase reflected higher prices for recreation and culture as well as for household equipment and household maintenance. Annual inflation was stable at January's 0.2% in February, which matched market expectations. Inflation is resting at the lowest level in over four years and is below the Czech National Bank's (CNB) target range of 1.0% to 3.0%. The CNB expects inflation to end 2014 at 2.1%. For 2015, the Bank expects inflation to rise to 2.2%. FocusEconomics Consensus Forecast panelists expect inflation to reach 1.7% by the end of 2014, which is down 0.1 percentage points from last month's Consensus. For 2015, panelists expect inflation to rise to 2.1%.
Czech Republic Inflation
Inflation stabilizes in February
March 10, 2014
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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%.