Czech Republic Inflation June 2021

Czech Republic

Czech Republic: Inflation ticks down in June

July 13, 2021

Consumer prices jumped 0.52% from the previous month in June, following May’s 0.17% rise. Looking at the details of the release, June’s result mainly reflected higher prices for utilities, recreation and culture and transport.

Meanwhile, inflation dipped to 2.8% in June from May’s 2.9%, and thus moved further below the higher bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation was stable at May’s 2.8% in June.

FocusEconomics Consensus Forecast panelists forecast that inflation will average 2.7% in 2021, which is unchanged from last month’s Consensus, and 2.4% in 2022.

Author: Massimo Bassetti, Senior Economist

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Czech Republic Inflation Chart

Czech Republic Inflation June 2021

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

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