Czech Republic Inflation July 2020

Czech Republic

Czech Republic: Inflation increases in June

July 10, 2020

Consumer prices rose 0.63% from the previous month in June, following May’s 0.36% increase. Looking at the details of the release, the reading largely reflected higher prices for alcoholic beverages and tobacco, and transport.

Meanwhile, inflation climbed to 3.3% in June (May: 2.9%), thus landing above the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation held steady at 3.1% for the fourth month running.

FocusEconomics Consensus Forecast panelists project that inflation will average 2.7% in 2020, which is unchanged from last month’s forecast, and 1.9% in 2021.

Author:, Economist

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Czech Republic Inflation Chart

Czech Republic Inflation June 20 20

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

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