In October, consumer prices rose 0.2% over the previous month, which contrasted the 0.1% drop recorded in September. According to the statistical institute, the monthly increase was the result of higher prices for food and non-alcoholic beverages, tobacco and alcoholic beverages as well as for clothing and footwear. Despite the monthly rise, annual headline inflation remained unchanged at September's 3.4%, which was in line with market expectations but slightly exceeded the Central Bank's estimate of 3.3%. 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 stable in October
November 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 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.