Inflation in Czech Republic
Czech Republic - Inflation
Inflation falls back to Central Bank’s target range in May
Consumer prices rose 0.4% from the previous month in May, following April’s 0.2% dip. Looking at the details of the release, the swing was mainly driven by higher prices for alcoholic beverages and tobacco.
Meanwhile, inflation declined to 2.9% in May (April: 3.2%), thus landing within the Central Bank’s 1.0%–3.0% tolerance range after six successive months of hovering above it. Lastly, annual average inflation held steady at 3.1% for the third month running.
FocusEconomics Consensus Forecast panelists project that inflation will average 2.7% in 2020, which is up 0.1 percentage points from last month’s forecast, and 1.8% in 2021.
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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July 7, 2020
Industrial output plummeted 25.7% year-on-year in working-day adjusted terms in May, which followed April's 33.7% record-breaking collapse.
July 1, 2020
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, jumped to 44.9 in June from 39.6 in May.
June 24, 2020
The economic sentiment indicator, published by the Czech Statistical Office (CSO), continued to climb from April’s over two-decade low in June, coming in at 77.2 (May: 75.1). The business confidence index bounced back in June to 93.3 (May: 91.9) after declining for five consecutive months.
June 24, 2020
At its 24 June meeting, the board of the Czech National Bank (CNB) unanimously decided to leave the two-week repo rate unchanged at 0.25%, meeting market expectations and following the 75-basis-points cut delivered in the previous May meeting.
June 10, 2020
Consumer prices rose 0.4% from the previous month in May, following April’s 0.2% dip.