Czech Republic Inflation November 2018

Czech Republic

Czech Republic: Inflation edges down to Central Bank's target in November

December 10, 2018

Consumer prices declined 0.1% from the previous month in November, contrasting October’s 0.4% rise. Data released by the Czech Statistical Office (CSO) revealed that November’s dip was largely due to lower prices for food and non-alcoholic beverages.

Meanwhile, inflation edged down from 2.2% in October to 2.0% in November. As a result, inflation landed at the midpoint of the Central Bank’s 1.0%–3.0% tolerance band. Annual average inflation remained unchanged at October’s 2.2%.

Czech Republic Inflation Forecast

The Central Bank expects average inflation of 2.6% for 2019 and 2.0% for 2020. FocusEconomics Consensus Forecast panelists project that inflation will average 2.3% in 2019, unchanged from last month’s forecast, and 2.0% in 2020.

Author:, Economist

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Czech Republic Inflation Chart

CzechRepublic Inflation November 2018

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

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