Inflation in Czech Republic
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
|Inflation Rate (HICP, annual variation in %, eop)||-0.1||2.1||2.3||1.6||-|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Harmonized Inflation (eop) Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
|Bond Yield||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
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December 1, 2021
A second release revealed that the economy grew 3.1% in seasonally-adjusted year-on-year terms in the third quarter (previously reported: +2.8%), slowing from the 8.5% expansion logged in the second quarter, amid a waning base effect. The slowdown was driven by weakening private consumption, fixed investment and exports.
December 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) rose to 57.1 in November from October's 55.1.
November 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), dipped to 95.2 in November from 95.3 in October, marking the worst print since April. Consumer confidence weakened again in November, with the index plunging to 90.4 from 98.5 in October.
November 11, 2021
Consumer prices jumped 1.02% from the previous month in October, following September’s 0.17% rise.
November 8, 2021
Industrial production declined 4.1% year-on-year in working-day adjusted terms in September (August: -1.4% yoy).