Czech Republic Inflation February 2017

Czech Republic

Czech Republic: Inflation accelerates further in February

March 9, 2017

In February, Czech consumer prices grew 0.4% from the previous month, slowing from January’s 0.8% rise. According to the Czech Statistical Office, the print mainly reflected an increase in prices for food and non-alcoholic beverages—in particular for vegetables—and recreation and culture.

Inflation edged up in February, increasing to an over four-year high of 2.5% from January’s 2.2%. Consequently, inflation moved further above the center of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Annual average inflation in February was 1.0%, up from January’s 0.8%.

The CNB expects average inflation of 2.4% for 2017. FocusEconomics Consensus Forecast panelists project that inflation will average 1.7% in 2017, which is unchanged from last month’s Consensus. For 2018, panelists expect inflation of 2.0%.

Author: Massimo Bassetti, Economist

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Czech Republic Inflation Chart

Czech Republic Inflation February 2017

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Czech Statistical Office (CSO).

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