Czech Republic Inflation August 2020

Czech Republic

Czech Republic: Inflation inches down in August

September 10, 2020

Consumer prices remained unchanged from the previous month in August, following July’s 0.45% rise. Looking at the details of the release, August’s reading reflected higher prices in transport offsetting falling prices for food and non-alcoholic beverages.

Meanwhile, inflation decreased to 3.3% in August (July: 3.4%), however remaining above the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation was stable at July’s 3.2%.

Consumer prices remained unchanged from the previous month in August, following July’s 0.45% rise. Looking at the details of the release, August’s reading reflected higher prices in transport offsetting falling prices for food and non-alcoholic beverages.

Meanwhile, inflation decreased to 3.3% in August (July: 3.4%), however remaining above the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation was stable at July’s 3.2%.

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 1.9% in 2021.


Author:,

Sample Report

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

Download

Czech Republic Inflation Chart


Czech Republic Inflation August 20 20

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


Czech Republic Economic News

More news

Search form