Inflation in Czech Republic
Czech Republic - Inflation
Inflation jumps to 13-year high in October
Consumer prices jumped 1.02% from the previous month in October, following September’s 0.17% rise. Looking at the details of the release, October’s increase mainly reflected rising prices for utilities, transports and clothing and footwear.
Meanwhile, inflation climbed to 5.8% in October from September’s 4.9%, and thus marked the highest reading since October 2008 and moved further above the higher bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation rose to 3.2% in October from 3.0% in September.
FocusEconomics Consensus Forecast panelists forecast that inflation will average 2.7% in 2022, which is unchanged from last month’s Consensus, and 2.5% in 2023.
Czech Republic - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.3||0.7||2.5||2.1||2.8|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Inflation Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
|Bond Yield||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
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November 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped to 95.2 in November from 95.3 in October, marking the worst print since April. Consumer confidence weakened again in November, with the index plunging to 90.4 from 98.5 in October.
November 11, 2021
Consumer prices jumped 1.02% from the previous month in October, following September’s 0.17% rise.
November 8, 2021
Industrial production declined 4.1% year-on-year in working-day adjusted terms in September (August: -1.4% yoy).
November 5, 2021
At its 4 November meeting, the Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 125 basis points to 2.75%, marking the fourth consecutive hike and surprising markets on the upside.
November 3, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) dropped to 55.1 in October from September's 58.0.