Inflation in Czech Republic

Czech Republic Inflation | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)1.4  0.3  0.3  0.7  2.5  

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Czech Republic Inflation Chart

CzechRepublic Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Czech Statistical Office and FocusEconomics calculations.

Czech Republic Facts

Bond Yield1.07-1.85 %Sep 04
Exchange Rate23.44-0.66 %Sep 04
Stock Market1,028-0.10 %Sep 04

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