Inflation in Czech Republic
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 |
Czech Republic Inflation Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.22 | -1.85 % | Jul 31 |
| Exchange Rate | 23.01 | -0.66 % | Jul 31 |
| Stock Market | 1,057 | -0.10 % | Jul 31 |
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Economic News
Czech Republic: Growth down a notch in Q2
August 14, 2019
The economy grew 2.7% in year-on-year, seasonally- and price-adjusted terms in the second quarter, marginally down from the 2.8% upturn logged in the first quarter, according to a preliminary release by the Czech Statistical Office (CSO) on 14 August.
Czech Republic: Inflation edges up in July
August 12, 2019
Consumer prices increased 0.4% from the previous month in July, up from June’s 0.2% increase.
Czech Republic: Industrial production logs sharpest fall in nearly three years in June
August 6, 2019
Industrial production plunged 6.4% year-on-year in June, contrasting May’s solid 3.2% increase and marking the sharpest downturn since July 2016.
Czech Republic: Manufacturing PMI falls to lowest level since May 2009
August 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, tumbled from 45.9 in June to 43.1 in July, the worst reading in just over a decade.
Czech Republic: CNB stays put in August
August 1, 2019
On 1 August, the board of the Czech National Bank (CNB) unanimously decided to keep the two-week repo rate unchanged at 2.00%, marking the second consecutive hold and coming in line with market expectations.
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