Czech Republic Inflation

Czech Republic

Czech Republic: Inflation stable in October

November 10, 2014

In October, consumer prices rose 0.2% over the previous month, which contrasted the 0.2% decrease registered in September. According to the Czech Statistical Office, October’s increase was due to higher prices for clothing and footwear.

Annual headline inflation in October was stable at September’s 0.7%, thus remaining at the highest rate in nine months. The reading overshot the 0.6% 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%, which is unchanged from last month’s estimate.

Author:, Senior Economist

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Czech Republic Inflation Chart

Czech Republic Inflation October 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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