Inflation in Czech Republic

Czech Republic Inflation | Economic News & Forecasts

Czech Republic - Inflation

Inflation edges up in July

Consumer prices increased 0.4% from the previous month in July, up from June’s 0.2% increase. Data released by the Czech Statistical Office (CSO) revealed that July’s rise was mainly driven by higher prices for recreation and culture, particularly of package holidays.

Meanwhile, inflation edged up from 2.7% in June to 2.9% in July. As a result, it landed marginally below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Annual average inflation inched up to 2.6% in July from 2.5% the month prior.

FocusEconomics Consensus Forecast panelists project that inflation will average 2.6% in 2019, which is up 0.1 percentage points from last month’s forecast, and 2.1% 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  

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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

ValueChangeDate
Bond Yield1.22-1.85 %Jul 31
Exchange Rate23.01-0.66 %Jul 31
Stock Market1,057-0.10 %Jul 31

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