Czech Republic Inflation June 2019

Czech Republic

Czech Republic: Inflation edged down in June

July 11, 2019

Consumer prices rose 0.2% from the previous month in June, following May’s 0.7% month-on-month increase. Data released by the Czech Statistical Office (CSO) revealed that June’s moderation was largely due to softer price increases for food and non-alcoholic beverages.

Meanwhile, inflation edged down from 2.9% in May to 2.7% in June. As a result, it moved closer to the midpoint of the Central Bank’s 1.0%–3.0% tolerance range. Annual average inflation held steady at May’s 2.5% in June.

FocusEconomics Consensus Forecast panelists project that inflation will average 2.5% in 2019, which is up 0.1 percentage points from last month’s forecast, and 2.1% in 2020.

Author:, Economist

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Czech Republic Inflation Chart

Czech Republic Inflation June 2019

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

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