Latest reading: Harmonized consumer prices were up 5.3% in annual terms in September, following a 6.2% rise in the prior...
Inflation in Czech Republic
Consumer price inflation in Czech Republic averaged 4.0% in the ten years to 2024, in line with the Central & Eastern Europe regional average of 3.9%. The 2024 average figure was 2.4%. For more information on inflation, visit our dedicated page.
Czech Republic Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Czech Republic from 2025 to 2014.
Source: Macrobond.
Czech Republic Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.2 | 3.8 | 15.1 | 10.7 | 2.4 |
| Inflation (CPI, ann. var. %, eop) | 2.3 | 6.6 | 15.8 | 6.9 | 3.0 |
| Inflation (HICP, ann. var. %, aop) | 3.3 | 3.3 | 14.8 | 12.0 | 2.7 |
| Inflation (PPI, ann. var. %, aop) | 0.1 | 7.1 | 24.3 | 5.0 | 0.8 |
Inflation slows in September
Latest reading: Consumer prices rose 2.3% in annual terms in September, following a 2.5% rise in the previous month. Relative to the previous month's data, price pressures reduced for recreation and culture in September (+4.1% on a year-on-year basis vs +4.2% in August). In contrast, there were more notable price pressures for food and non-alcoholic beverages (+3.3% vs +2.7% in August) and transportation (+0.2% vs -1.1% in August). Finally, the change in housing and utilities prices was the same as in the prior month (+2.0% in September and August). Finally, consumer prices declined 0.58% in September in month-on-month terms, following a 0.06% rise in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Czech inflation projections for the next ten years from a panel of 34 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Czech inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Czech inflation projections.
Want to get access to the full dataset of Czech inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Estonia: Inflation slows in September from the prior month -
France: Inflation rises in September from the prior month Latest reading: Harmonized consumer prices increased 1.1% in annual terms in September, following a 0.8% rise in the previous month.... -
Italy: Inflation rises in September from the prior month Latest reading: Harmonized consumer prices were up 1.8% on a year-on-year basis in September, following a 1.6% rise in the... -
Slovakia: Inflation picks up in September from the prior month Latest reading: Harmonized consumer prices rose 4.6% in annual terms in September, following a 4.4% rise in the prior month.... -
Slovenia: Inflation decelerates in September from the prior month Latest reading: Harmonized consumer prices rose 2.7% in annual terms in September, following a 3.0% increase in the prior month.... -
Austria: Inflation ebbs in September from the prior month Latest reading: Harmonized consumer prices increased 3.9% on a year-on-year basis in September, following a 4.1% increase in the prior... -
Croatia: Inflation stabilizes in September Latest reading: Harmonized consumer prices were up 4.6% on a year-on-year basis in September, unchanged from the previous month’s reading....