Inflation in Czech Republic

Czech Republic Harmonized Inflation (eop) | Economic News & Forecasts

Czech Republic - Harmonized Inflation (end of period)

Inflation jumps to 13-year high in October

Consumer prices jumped 1.02% from the previous month in October, following September’s 0.17% rise. Looking at the details of the release, October’s increase mainly reflected rising prices for utilities, transport and clothing and footwear.

Meanwhile, inflation climbed to 5.8% in October from September’s 4.9%, and thus marked the highest reading since October 2008 and moved further above the higher bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation rose to 3.2% in October from 3.0% in September.

FocusEconomics Consensus Forecast panelists forecast that inflation will average 2.7% in 2022, which is unchanged from last month’s Consensus, and 2.5% in 2023.

Czech Republic - Harmonized Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (HICP, annual variation in %, eop)-0.1  2.1  2.3  1.6  -     

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Czech Republic Harmonized Inflation (eop) Chart


CzechRepublic Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Czech Statistical Office and FocusEconomics calculations.

Czech Republic Facts

Value Change Date
Bond Yield1.64-1.85 %Dec 31
Exchange Rate22.76-0.66 %Dec 30

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