Czech Republic Inflation

Czech Republic

Czech Republic: Inflation inches up in March

April 9, 2015

In March, consumer prices rose 0.1% over the previous month, coming in slightly below the 0.2% increase registered in February. According to the Czech Statistical Office, March’s increase mainly reflects higher prices for transport as well as for alcoholic beverages and tobacco.

In March, annual headline inflation inched up from February’s 0.1% to 0.2%, the highest reading in four months. The reading fell slightly short of the 0.3% rise that the market had expected. Inflation remains well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.

The CNB expects that consumer prices will drop 0.1% on average in 2015. For 2016, the CNB sees average inflation of 1.8%. FocusEconomics Consensus Forecast panelists project that inflation will reach 0.5% by the end of 2015, which is down 0.1 percentage points from last month’s Consensus. For 2016, panelists expect inflation to rise to 1.7%.


Author: Teresa Kersting, Economist

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Czech Republic Inflation Chart


Czech Republic Inflation March 2015 0

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


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