Czech Republic Inflation July 2019

Czech Republic

Czech Republic: Inflation edges up in July

August 12, 2019

Consumer prices increased 0.4% from the previous month in July, up from June’s 0.2% increase. Data released by the Czech Statistical Office (CSO) revealed that July’s rise was mainly driven by higher prices for recreation and culture, particularly of package holidays.

Meanwhile, inflation edged up from 2.7% in June to 2.9% in July. As a result, it landed marginally below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Annual average inflation inched up to 2.6% in July from 2.5% the month prior.

FocusEconomics Consensus Forecast panelists project that inflation will average 2.6% in 2019, which is up 0.1 percentage points from last month’s forecast, and 2.1% in 2020.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Czech Republic? Download a sample report now.

Download

Czech Republic Inflation Chart


Czech Republic Inflation July 2019

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


Czech Republic Economic News

More news

Search form