In March, consumer prices remained unchanged over the previous month, which was below the 0.2% increase observed in February. According to the Czech Statistical Office, the monthly reading reflected that higher prices for food and non-alcoholic beverages as well as for clothing and footwear offset lower prices for recreational and cultural activities as well as for transport. Annual inflation stabilized at February's 0.2% in March, staying at the lowest level registered since October 2009. The reading was on par with market expectations. Inflation is still well 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 1.6% 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 2.0%.
Czech Republic Inflation
Inflation stabilizes in March at lowest level in over four years
April 9, 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 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%.
September 26, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from August’s 96.8 points to 97.1 points in September, marking a seven-month high.