Latest reading: Consumer prices were up 0.7% on a year-on-year basis in May, following a 0.6% increase in the previous...
Inflation in Czech Republic
Consumer price inflation in Czech Republic averaged 4.0% in the ten years to 2024, in line with the Central & Eastern Europe regional average of 3.9%. The 2024 average figure was 2.4%. For more information on inflation, visit our dedicated page.
Czech Republic Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Czech Republic from 2014 to 2025.
Source: Macrobond.
Czech Republic Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.8 | 15.1 | 10.7 | 2.4 | 2.5 |
| Inflation (CPI, ann. var. %, eop) | 6.6 | 15.8 | 6.9 | 3.0 | 2.0 |
| Inflation (HICP, ann. var. %, aop) | 3.3 | 14.8 | 12.0 | 2.7 | 2.5 |
| Inflation (PPI, ann. var. %, aop) | 7.1 | 24.3 | 5.0 | 0.8 | -0.9 |
Inflation picks up in April from the prior month
Latest reading: Consumer prices rose 2.5% on a year-on-year basis in April, following a 1.9% increase in the prior month. Relative to the prior month's data, there were higher price pressures for housing and utilities (+1.2% on a year-on-year basis vs +1.0% in March), food and non-alcoholic beverages (+5.2% vs +3.3% in March), transportation (+8.7% vs +5.5% in March) and recreation and culture (+3.4% vs +2.5% in March). Lastly, consumer prices increased 0.49% in April on a month-on-month basis, following a 0.60% rise in the prior month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Czech inflation projections for the next ten years from a panel of 38 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Czech inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Czech inflation projections.
Want to get access to the full dataset of Czech inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Switzerland: Inflation rises in May from the prior month -
Poland: Inflation inches down in May from April Latest reading: Consumer prices increased 3.1% on a year-on-year basis in May, following a 3.2% increase in the previous month.... -
Qatar: Inflation eases in April Latest reading: Consumer prices were up 2.6% in annual terms in April, following a 4.2% rise in the previous month,... -
Australia: Inflation decelerates in April from the prior month Latest reading: Consumer prices increased 4.2% on a year-on-year basis in April, following a 4.5% increase in the prior month.... -
Singapore: Inflation is stable in April Latest reading: Consumer prices increased 1.8% in annual terms in April, stable from the previous month’s reading. Relative to the... -
Malaysia: Inflation rises in April from the prior month Latest reading: Consumer prices increased 1.9% in annual terms in April, following a 1.7% increase in the prior month. April’s... -
Ireland: Inflation is stable in April Latest reading: Harmonized consumer prices were up 3.6% on a year-on-year basis in April, unchanged from the prior month’s reading....