Czech Republic Inflation July 2016

Czech Republic

Czech Republic: Inflation rises modestly in July

August 9, 2016

In July, consumer prices rose 0.3% over the previous month, which was slightly above June’s 0.1% increase. According to the Czech Statistical Office, the print mainly reflected an increase in prices for recreation and culture as well as for food and non-alcoholic beverages.

Inflation increased in July, climbing to 0.5% from 0.1% in June. However, inflation still remains well below the lower bound of the Czech National Bank’s (CNB) target range of 1.0% to 3.0%. Meanwhile, annual average inflation in July was steady at June’s 0.3%.

The CNB expects average inflation of 0.4% for 2016 and of 1.9% for 2017. FocusEconomics Consensus Forecast panelists project that inflation will average 0.7% in 2016, which is unchanged from last month’s Consensus. For 2017, panelists expect inflation of 1.7%.

Author:, Economist

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Czech Republic Inflation Chart

Czech Republic Inflation July 2016 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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