Czech Republic Inflation December 2019

Czech Republic

Czech Republic: Inflation ends 2019 at an over seven-year high

December 13, 2019

Consumer prices rose 0.2% from the previous month in December, following November’s 0.3% increase. Data released by the Czech Statistical Office (CSO) revealed that December’s climb was mainly driven by higher prices for food and non-alcoholic beverages, and housing and utilities.

Meanwhile, inflation ticked up from 3.1% in November to 3.2% in December, the highest reading since October 2012. Thus, it climbed further above the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation held steady at 2.8% in the final month of 2019.

FocusEconomics Consensus Forecast panelists project that inflation will average 2.8% in 2020, which is up 0.1 percentage points from last month’s forecast, and 2.4% in 2021.

Author:, Economist

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Czech Republic Inflation Chart

Czech Republic Inflation December 2019

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

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