Czech Republic Inflation

Czech Republic

Czech Republic: Inflation inches up in September

October 9, 2015

In September, consumer prices fell 0.2% over the previous month, which matched August’s decrease. According to the Czech Statistical Office, September’s drop largely reflected lower prices for recreation, culture and transport.

In September, inflation inched up from August’s 0.3% to 0.4%. In addition, the print exceeded the 0.2% that the market had expected. Nevertheless, inflation remained below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.

The CNB expects that consumer prices will rise 0.6% on average in 2015. For 2016, the CNB sees average inflation of 1.7%. 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 1.6%, which is unchanged from last month’s estimate.

Author: Teresa Kersting, Economist

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Czech Republic Inflation Chart

Czech Republic Inflation September 2015

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

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