Inflation in Czech Republic
Czech Republic - Inflation
Inflation remains at Central Bank’s target in December
Consumer prices rose 0.1% from the previous month in December, rebounding from November’s 0.1% dip. Data released by the Czech Statistical Office (CSO) revealed that December’s uptick was largely due to higher prices for food and non-alcoholic beverages.
Meanwhile, inflation was unchanged at November’s 2.0% in December. As a result, it remained at the midpoint of the Central Bank’s 1.0%–3.0% tolerance band. Similarly, annual average inflation remained stable at 2.2% for the third consecutive month in December.
Czech Republic Inflation Forecast
The Central Bank expects average inflation of 2.6% for 2019 and 2.0% for 2020. FocusEconomics Consensus Forecast panelists project that inflation will average 2.3% in 2019, unchanged from last month’s forecast, and 2.0% in 2020.
Czech Republic - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 1.4 | 0.3 | 0.3 | 0.7 | 2.5 |
Czech Republic Inflation Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.84 | -1.85 % | Jan 16 |
| Exchange Rate | 22.45 | -0.66 % | Jan 16 |
| Stock Market | 1,019 | -0.10 % | Jan 16 |
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Economic News
Czech Republic: Inflation remains at Central Bank’s target in December
January 10, 2019
Consumer prices rose 0.1% from the previous month in December, rebounding from November’s 0.1% dip.
Czech Republic: Industrial production growth moderates in November
January 8, 2019
Industrial production rose 4.8% year-on-year in November, below October’s strong 6.7% increase.
Czech Republic: Manufacturing sector contracts for the first time since July 2016
January 2, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit slipped from 51.8 in November to 49.7 in December, the sixth consecutive monthly fall and the first contraction in over two years.
Czech Republic: Economic sentiment drops for the second consecutive month in December
December 27, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), dipped from 99.3 points in November to 98.6 in December, the lowest reading since July 2017.
Czech Republic: Central Bank stands pat at last meeting of the year after four consecutive rate hikes
December 20, 2018
At its 20 December meeting, the Bank Board of the Czech National Bank (CNB) decided to keep the two-week repo rate unchanged at 1.75%, following four consecutive rate hikes.
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