In April, consumer prices rose 0.26% over the previous month, which was well above the 0.09% price increase observed in March. The monthly spike reflected higher prices for clothing and footwear, as well as for transport, amid higher fuel costs. Despite the pronounced price increase, annual headline inflation inched down from 1.7% in March to 1.6% in April, which represented the lowest level since June 2010. The reading was in line with market expectations, but below the Czech National Bank's estimate that inflation would remain unchanged at 1.7%. At the current level, inflation remains below the Central Bank's target of 2.0% 1.0 percentage points. The Central Bank expects inflation to rise to 2.3% in the final quarter of this year before inching down to 2.2% in the fourth quarter of 2012.
Czech Republic Inflation
Inflation moderates in April
May 10, 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.