Latest reading: Consumer prices were up 2.2% on a year-on-year basis in June, unchanged from the prior month’s reading. Relative...
Inflation in Czech Republic
Consumer price inflation in Czech Republic averaged 4.0% in the ten years to 2024, in line with the Central & Eastern Europe regional average of 3.9%. The 2024 average figure was 2.4%. For more information on inflation, visit our dedicated page.
Czech Republic Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Czech Republic from 2014 to 2025.
Source: Macrobond.
Czech Republic Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.9 | 15.1 | 10.7 | 2.4 | 2.5 |
| Inflation (CPI, ann. var. %, eop) | 6.7 | 15.7 | 6.9 | 3.0 | 2.0 |
| Inflation (HICP, ann. var. %, aop) | 3.3 | 14.8 | 12.0 | 2.7 | 2.3 |
| Inflation (PPI, ann. var. %, aop) | 7.1 | 24.3 | 5.0 | 0.8 | -0.8 |
Inflation decelerates in June from May
Latest reading: Consumer prices were up 1.5% in annual terms in June, following a 2.1% rise in the prior month. Relative to the prior month's figures, there were milder price pressures for transportation (+5.7% in annual terms vs +9.4% in May) and recreation and culture (+2.7% vs +3.0% in May). In contrast, price pressures were higher for food and non-alcoholic beverages in June (+4.3% vs +3.7% in May). Finally, the variation in housing and utilities prices was the same as in the prior month (+1.3% in June and May). Lastly, consumer prices fell 0.29% in June on a month-on-month basis, following a 0.10% increase in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Czech inflation projections for the next ten years from a panel of 37 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Czech inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Czech inflation projections.
Want to get access to the full dataset of Czech inflation forecasts? Send an email to info@focus-economics.com.
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