Czech Republic Inflation

Czech Republic

Czech Republic: Inflation stable in October

November 9, 2012

In October, consumer prices rose 0.2% over the previous month, which contrasted the 0.1% drop recorded in September. According to the statistical institute, the monthly increase was the result of higher prices for food and non-alcoholic beverages, tobacco and alcoholic beverages as well as for clothing and footwear. Despite the monthly rise, annual headline inflation remained unchanged at September's 3.4%, which was in line with market expectations but slightly exceeded the Central Bank's estimate of 3.3%. At the current level, inflation remains above the Central Bank's target of 2.0% (with a tolerance margin of plus/minus 1.0 percentage points).

Author:, Senior Economist

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Czech Republic Inflation Chart

Czech Republic Inflation October 2012

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

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