Inflation in Czech Republic
Czech Republic - Inflation
Inflation edges down in September
Consumer prices dropped 0.6% from the previous month in September, contrasting August’s 0.1% uptick and marking the sharpest monthly fall since September 2006. Data released by the Czech Statistical Office (CSO) revealed that September’s dip was mainly driven by lower prices for recreation and culture, in which prices for package holidays declined noticeably amid the end of the summer season.
Meanwhile, inflation edged down from 2.9% in August to 2.7% in September. Thus, it moved further below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation held steady at 2.6% for the third successive month in September.
FocusEconomics Consensus Forecast panelists project that inflation will average 2.3% in 2020, which is up 0.1 percentage points from last month’s forecast, and 2.1% in 2021.
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||1.07||-1.85 %||Sep 04|
|Exchange Rate||23.44||-0.66 %||Sep 04|
|Stock Market||1,028||-0.10 %||Sep 04|
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October 10, 2019
Consumer prices dropped 0.6% from the previous month in September, contrasting August’s 0.1% uptick and marking the sharpest monthly fall since September 2006.
October 7, 2019
Industrial production contracted 1.2% year-on-year in working day-adjusted terms in August, contrasting the mild 0.1% increase recorded in July.
October 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, stood at 44.9 in September, unchanged from last month’s reading.
September 25, 2019
On 25 September, the board of the Czech National Bank (CNB) decided to keep the two-week repo rate unchanged at 2.00%, marking the third consecutive hold and coming in line with market expectations.
September 24, 2019
The economic sentiment indicator, published by the Czech Statistical Office (CSO), decreased from 95.6 in August to 94.6 in September, thus marking the worst reading in almost five years.