Inflation in Czech Republic
Czech Republic - Inflation
Inflation jumps to nearly 13-year high in September
Consumer prices rose 0.17% from the previous month in September, following August’s 0.69% rise. Looking at the details of the release, September’s increase mainly reflected rising prices for electricity, garments and tobacco.
Meanwhile, inflation jumped to 4.9% in September from August’s 4.1%, and thus marked the highest reading since October 2008 and moved further above the higher bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation rose to 3.0% in September from 2.8% in August.
FocusEconomics Consensus Forecast panelists forecast that inflation will average 2.7% in 2022, which is unchanged from last month’s Consensus, and 2.5% in 2023.
Czech Republic - Inflation Data
|Inflation Rate (CPI, annual variation in %)||0.3||0.7||2.5||2.1||2.8|
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||1.64||-1.85 %||Dec 31|
|Exchange Rate||22.76||-0.66 %||Dec 30|
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October 15, 2021
Consumer prices rose 0.17% from the previous month in September, following August’s 0.69% rise.
October 7, 2021
Industrial production declined 1.4% year-on-year in working-day adjusted terms in August (July: +6.8% yoy).
October 3, 2021
At its 30 September meeting, the Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 75 basis points to 1.50%, marking the third consecutive hike and surprising markets on the upside.
October 1, 2021
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) dropped to 58.0 in September from August's 61.0.
September 24, 2021
The economic sentiment indicator, published by the Czech Statistical Office (CSO), fell to 96.2 in September from 98.6 in August, marking the worst print since April. The business confidence index dropped in September, coming in at 95.3, from August’s 97.1 reading.