Czech Republic Inflation

Czech Republic

Czech Republic: Inflation remains unchanged in February

March 9, 2015

In February, consumer prices rose 0.2% over the previous month, coming in slightly above the 0.1% increase registered in January and marking the highest reading in seven months. According to the Czech Statistical Office, February’s increase mainly reflects higher prices for alcoholic beverages and tobacco as well as for recreation and culture.

In February, annual headline inflation remained at January’s 0.1%. The reading contrasted the 0.1% decline that the market had expected. Inflation remains well below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.

The CNB expects that consumer prices will drop 0.1% on average in 2015. For 2016, the CNB sees average inflation of 1.8%. FocusEconomics Consensus Forecast panelists project that inflation will reach 0.6% by the end of 2015, which is down 0.3 percentage points from last month’s Consensus. For 2016, panelists expect inflation to rise to 1.8%.

Author:, Senior Economist

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Czech Republic Inflation Chart

Czech Republic Inflation February 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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