In October, consumer prices added 0.26% over the previous month, which contrasted the 0.17% fall observed in September. The monthly rise reflected higher prices for food and non-alcoholic beverages as well as for clothing and footwear. As a result of the monthly jump, annual headline inflation climbed from 1.8% in September to 2.3% in October, overshooting both market expectations and the Central Bank's estimate, which had inflation rising to 2.1%. The reading represented the highest level since December 2010 and, consequently, inflation overshot the Central Bank's target of 2.0% ( 1.0 percentage points), after four consecutive months of inflation hovering below target. The Central bank revised its inflation forecast for this year to 2.0%, which is slightly below the previous estimate of 2.3%. For 2012, the Bank sees inflation rising to 2.8%, which is below its previous 3.2% estimate.
Czech Republic Inflation
Inflation rises to highest level in 10 months
November 9, 2011
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Czech Republic Economic News
October 24, 2016
The economic sentiment indicator published by the Czech Statistics Office (CSO) rose from September’s 97.1 points to 97.5 points in October, marking a nine-month high.
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%.