Czech Republic Inflation December 2015

Czech Republic

Czech Republic: Inflation remains timid in December

January 12, 2016

In December 2015, consumer prices fell 0.1% over the previous month, which followed November’s 0.4% decline. According to the Czech Statistical Office, the print mainly reflected lower prices for food and non-alcoholic beverages as well as for transport.

In December, inflation came in at 0.1%, meeting market expectations and mirroring November’s reading, which had marked a nine-month low. As a result, inflation closed 2015 below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.

The CNB expects average inflation of 1.4% for 2016. FocusEconomics Consensus Forecast panelists project that inflation will average 1.3% in 2016, which is down 0.1 percentage points from last month’s Consensus. For 2017, panelists expect inflation of 2.0%.

Author: Teresa Kersting, Economist

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Czech Republic Inflation Chart

Czech Republic Inflation December 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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