Inflation in Czech Republic
Czech Republic - Inflation
Inflation falls back to Central Bank’s target range in May
Consumer prices rose 0.4% from the previous month in May, following April’s 0.2% dip. Looking at the details of the release, the swing was mainly driven by higher prices for alcoholic beverages and tobacco.
Meanwhile, inflation declined to 2.9% in May (April: 3.2%), thus landing within the Central Bank’s 1.0%–3.0% tolerance range after six successive months of hovering above it. Lastly, annual average inflation held steady at 3.1% for the third month running.
FocusEconomics Consensus Forecast panelists project that inflation will average 2.7% in 2020, which is up 0.1 percentage points from last month’s forecast, and 1.8% in 2021.
Czech Republic - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 0.3 | 0.7 | 2.5 | 2.1 | 2.8 |
Czech Republic Inflation Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.64 | -1.85 % | Dec 31 |
| Exchange Rate | 22.76 | -0.66 % | Dec 30 |
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Economic News
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Czech Republic: CNB stands pat in June
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At its 24 June meeting, the board of the Czech National Bank (CNB) unanimously decided to leave the two-week repo rate unchanged at 0.25%, meeting market expectations and following the 75-basis-points cut delivered in the previous May meeting.
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Czech Republic: Inflation falls back to Central Bank’s target range in May
June 10, 2020
Consumer prices rose 0.4% from the previous month in May, following April’s 0.2% dip.
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