Czech Republic Inflation June 2018

Czech Republic

Czech Republic: Inflation hits seven-month high in June

July 11, 2018

Consumer prices rose 0.4% in June from the previous month, moderating slightly from May’s 0.5% rise. Data released by the Czech Statistical Office (CSO) revealed that June’s increase was largely driven by higher prices for electricity and transport.

Inflation edged up from 2.2% in May to 2.6% in June, a seven-month high. As a result, inflation moved further above the Central Bank’s 2.0% target and closer to the upper bound of its 1.0%–3.0% tolerance band. Annual average inflation, meanwhile, held steady at 2.3% for the fourth consecutive month.

The Central Bank expects inflation of 1.7% for 2018 and 1.8% for 2019. FocusEconomics Consensus Forecast panelists project that inflation will average 2.1% in 2018, up 0.1 percentage points from last month’s forecast. For 2019, panelists expect inflation of 2.1%.


Author:, Economist

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CzechRepublic Inflation June 2018

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


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