Inflation in Czech Republic
Czech Republic - Inflation
Inflation jumps to over 13-year high in December
Consumer prices rose 0.42% from the previous month in December, following November’s 0.17% increase. Looking at the details of the release, December’s increase mainly reflected rising prices for food and non-alcoholic beverages.
Meanwhile, inflation climbed to 6.6% in December from November’s 6.0%, and thus marked the highest reading since July 2008 and moved further above the higher bound of the Central Bank’s 1.0%–3.0% tolerance range. Lastly, annual average inflation rose to 3.8% in December from 3.5% in November, marking the highest reading since May 2009.
FocusEconomics Consensus Forecast panelists forecast that inflation will average 3.5% in 2022, which is unchanged from last month’s Consensus, and 2.8% in 2023.
Czech Republic - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 0.3 | 0.7 | 2.5 | 2.1 | 2.8 |
Czech Republic Inflation Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.64 | -1.85 % | Dec 31 |
| Exchange Rate | 22.76 | -0.66 % | Dec 30 |
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Economic News
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Czech Republic: Inflation jumps to over 13-year high in December
January 12, 2022
Consumer prices rose 0.42% from the previous month in December, following November’s 0.17% increase.
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Czech Republic: Economic sentiment virtually ticks up in December
January 3, 2022
The economic sentiment indicator, published by the Czech Statistical Office (CSO), rose to 95.5 in December from 95.2 in November, when it marked the worst print since April. Consumer confidence strengthened in December, with the index increasing to 92.3 from 90.4 in November.
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Czech Republic: Manufacturing PMI rises in December
January 3, 2022
The IHS Markit Manufacturing Purchasing Managers' Index (PMI) rose to 59.1 in December from November's 57.1.
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Czech Republic: CNB delivers further rate hike in December amid mounting price pressures
December 22, 2021
At its 22 December meeting, the Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 105 basis points to 3.75%, marking the fifth consecutive hike and surprising markets on the upside.
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Czech Republic: Inflation jumps to over 13-year high in November
December 13, 2021
Consumer prices rose 0.17% from the previous month in November, following October’s 1.02% jump.
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