Skyline of Prague, Czech Republic

Czech Republic Inflation (HICP, ann. var. %, aop)

Inflation plunges to lowest level since April in October

Inflation came in at 15.1% in October, which was down from September’s 18.0%. October’s reading marked the weakest inflation rate since April. The decline was broad-based, with reduced price pressures recorded for housing and utilities, food and non-alcoholic beverages, and transportation.

The trend pointed up, with annual average inflation coming in at 13.5% in October (September: 12.7%).

Lastly, consumer prices dropped 1.44% in October over the previous month, contrasting the 0.80% rise seen in September.

Commenting on the short-term outlook for inflation, Frantisek Taborsky, analyst at ING, stated:

“For the coming months, we can expect inflation to be only slightly higher in YoY numbers, but January remains the big question. On the one hand, based on energy supplier announcements and other anecdotal reports, it seems that a massive new year’s repricing upwards can be expected. On the other hand, the government’s price cap comes into play, which unevenly affects households depending on their contract.”

Czech Republic Inflation (HICP, ann. var. %, aop) Data

2017 2018 2019 2020 2021
Inflation (HICP, ann. var. %, aop) 2.4 2.0 2.6 3.3 3.3

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest