Czech Republic Inflation May 2022

Czech Republic

Czech Republic: Inflation increases in May

June 13, 2022

Consumer prices rose 1.76% from the previous month in May, decelerating slightly from April's 1.79% increase. The softer print was largely due to a milder increase in prices for housing and utilities.

Inflation rose to 16.0% in May, above April’s 14.2%. May's result was the highest inflation rate since December 1993. Meanwhile, the trend pointed up, with annual average inflation coming in at 8.2% in May (April: 7.1%).

FocusEconomics Consensus Forecast panelists forecast that inflation will average 7.7% in 2022, which is up 1.6 percentage points from last month’s Consensus, and 2.6% in 2023.


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