Czech Republic Inflation August 2019

Czech Republic

Czech Republic: Inflation steady in August

September 10, 2019

Consumer prices increased 0.1% from the previous month in August, down from July’s 0.4% increase. Data released by the Czech Statistical Office (CSO) revealed that August’s uptick was mainly driven by higher prices for alcoholic beverages and tobacco, and housing and utilities.

Meanwhile, inflation was unchanged at July’s 2.9% in August. Thus, it remained fractionally below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation held steady at 2.6% in August.

FocusEconomics Consensus Forecast panelists project that inflation will average 2.6% in 2019, which is unchanged from last month’s forecast, and 2.2% in 2020.

Author:, Economist

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Czech Republic Inflation Chart

Czech Republic Inflation August 2019

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

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