Inflation in Czech Republic
Czech Republic - Inflation
Inflation rises to 16-month high in February
Consumer prices rose 0.2% from the previous month in February, following January’s 1.0% month-on-month increase. Data released by the Czech Statistical Office (CSO) revealed that February’s uptick was largely due to higher prices for food and non-alcoholic beverages, and for housing and utilities.
Meanwhile, inflation edged up from 2.5% in January to 2.7% in February, a 16-month high. As a result, it moved further above the Central Bank’s target of 2.0% but remained within its 1.0%–3.0% tolerance band. Annual average inflation ticked up to 2.3% from 2.2% in the previous month.
Czech Republic Inflation Forecast
The Central Bank expects average inflation of 2.2% for 2019 and 2.0% for 2020. FocusEconomics Consensus Forecast panelists project that inflation will average 2.2% in 2019, which is unchanged from last month’s forecast, and 2.0% in 2020.
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 |
Czech Republic Inflation Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.94 | -1.85 % | Mar 20 |
| Exchange Rate | 22.59 | -0.66 % | Mar 20 |
| Stock Market | 1,073 | -0.10 % | Mar 20 |
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Economic News
Czech Republic: Industrial production contracts again in January
March 15, 2019
Industrial production tumbled 1.1% year-on-year in January, following December’s sharper 1.5% drop.
Czech Republic: Inflation rises to 16-month high in February
March 11, 2019
Consumer prices rose 0.2% from the previous month in February, following January’s 1.0% month-on-month increase.
Czech Republic: Economic growth quickens in the final quarter of 2018
March 1, 2019
A detailed breakdown of GDP released by the Statistical Institute on 1 March revealed the economy ended 2018 on a solid note, performing better than expected by market analysts.
Czech Republic: Manufacturing PMI falls to over six-year low in February
March 1, 2019
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit edged down from 49.0 in January to 48.6 in February, marking the third consecutive monthly contraction of the all-important sector and an over six-year low.
Czech Republic: Economic sentiment edges up in February
February 25, 2019
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), ticked up to 98.2 in February from 98.0 in January, which had marked an 18-month low.
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