Czech Republic Inflation April 2020

Czech Republic

Czech Republic: Inflation slips in April

May 13, 2020

Consumer prices slid 0.2% from the previous month in April, following March’s 0.1% dip. Data released by the Czech Statistical Office (CSO) revealed that April’s decline was mainly driven by a sharp drop in fuel prices.

Meanwhile, inflation dropped to 3.2% in April from 3.4% in March. Despite the dip, it remained above the Central Bank’s 1.0%–3.0% tolerance range, where it has been for the past six months. Lastly, annual average inflation held steady at previous month’s 3.1%.

FocusEconomics Consensus Forecast panelists project that inflation will average 2.6% in 2020, which is up 0.1 percentage points from last month’s forecast, and 1.8% in 2021.

Author:, Economist

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Czech Republic Inflation Chart

Czech Republic Inflation April 20 20

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

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