In July, consumer prices jumped 0.26% over the previous month, which contrasted the 0.17% drop observed in June and overshot market analysts' expectations, which had seen consumer prices rising 0.20%. The monthly increase was mainly the result of seasonal factors associated with the summer holidays, as prices for package holidays increased 13.4% over the previous month. Despite the monthly increase, annual headline inflation inched down to 1.7% in July from 1.8% in June, which marked the second consecutive month of falling inflation. The annual reading undershot both market expectations and the Central Bank's estimate that inflation would remain unchanged at June's 1.8%. As a result, inflation remains below the Central Bank's target of 2.0% 1.0 percentage points. The Central Bank projects inflation to close at 2.3% by the end of this year, before rising to 3.2% at the end of 2012.
Czech Republic Inflation
Inflation falls for second month in a row
August 9, 2011
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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.