Inflation in Czech Republic
Czech Republic - Inflation
Inflation eases from over six-year high in April
Consumer prices rose 0.7% from the previous month in May, following April’s 0.1% month-on-month increase. Data released by the Czech Statistical Office (CSO) revealed that May’s upturn was largely due to higher prices for food and non-alcoholic beverages.
Meanwhile, inflation ticked up from 2.8% in April to 2.9% in May. As a result, it now lies marginally below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Annual average inflation inched up to 2.5% from 2.4% in the previous month.
The Central Bank expects average inflation of 2.7% for 2019 and 2.1% for 2020. FocusEconomics Consensus Forecast panelists project that inflation will average 2.4% in 2019, which is unchanged from last month’s forecast, and 2.0% in 2020.
Czech Republic - Inflation Data
|Inflation Rate (CPI, annual variation in %)||1.4||0.3||0.3||0.7||2.5|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Inflation Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
|Bond Yield||1.60||-1.85 %||Jun 13|
|Exchange Rate||22.66||-0.66 %||Jun 13|
|Stock Market||1,051||-0.10 %||Jun 13|
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June 11, 2019
Consumer prices rose 0.7% from the previous month in May, following April’s 0.1% month-on-month increase.
June 6, 2019
Industrial production rose a solid 3.3% year-on-year in April, a five-month high and well above March’s marginal 0.2% increase.
June 3, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, remained at April’s 46.6 in May, marking the six successive monthly contraction of the all-important sector and the lowest level since December 2012.
May 31, 2019
According to a detailed breakdown of GDP released by Czech Republic’s Statistical Institute on 31 May, the economy grew a seasonally-adjusted 2.6% year-on-year in the first quarter, a notch above the 2.5% growth rate shown in the preliminary release and matching Q4 2018’s increase.
May 24, 2019
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), declined to a near three-year low of 95.7 in May from 97.1 in April.