Czech Republic Inflation

Czech Republic

Czech Republic: Inflation reaches highest rate in nine months

September 9, 2014

In September, consumer prices fell 0.2% over the previous month, which followed the 0.1% decrease registered in August. According to the Czech Statistical Office, September’s decrease was due to lower prices for food and housing.

Annual headline inflation inched up from 0.6% in August to 0.7% in September, thus reaching the highest rate in nine months. The reading undershot the 0.9% the market had expected. Inflation, nonetheless, is well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.

The CNB sees inflation ending 2014 at 0.9%. For 2015, the Bank expects inflation to rise to 2.0%. FocusEconomics Consensus Forecast panelists project that inflation will reach 1.4% by the end of 2014, which is down 0.2 percentage points from last month’s Consensus. For 2015, panelists expect inflation to rise to 2.0%.

Author:, Senior Economist

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Czech Republic Inflation Chart

Czech Republic Inflation September 2014

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

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