In March, consumer prices added 0.2% over the previous month, which followed an increase of the same magnitude in February. The monthly rise reflected higher prices for food and non-alcoholic beverages as well as for transport, amid higher fuel costs. As a result of the monthly increase, annual headline inflation rose from 3.7% in February to 3.8% in March, which marks the highest level since November 2008. The annual reading matched market expectations but exceeded the Central Bank's estimate, which had inflation moderating to 3.3%. At the current level, inflation remains above the Central Bank's target of 2.0% (with a tolerance margin of +/- 1.0 percentage points). Owing to the VAT rate increase in January, the Czech National Bank expects inflation to rise temporarily to just above 3.0% this year, before falling back below its target and end 2013 at 1.4%.
Czech Republic Inflation
Inflation jumps to highest level in over three years
April 10, 2012
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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.