Inflation in Czech Republic

Czech Republic Inflation | Economic News & Forecasts

Czech Republic - Inflation

Inflation eases from over six-year high in April

Consumer prices rose 0.7% from the previous month in May, following April’s 0.1% month-on-month increase. Data released by the Czech Statistical Office (CSO) revealed that May’s upturn was largely due to higher prices for food and non-alcoholic beverages.

Meanwhile, inflation ticked up from 2.8% in April to 2.9% in May. As a result, it now lies marginally below the upper bound of the Central Bank’s 1.0%–3.0% tolerance range. Annual average inflation inched up to 2.5% from 2.4% in the previous month.

The Central Bank expects average inflation of 2.7% for 2019 and 2.1% for 2020. FocusEconomics Consensus Forecast panelists project that inflation will average 2.4% 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  

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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

Bond Yield1.60-1.85 %Jun 13
Exchange Rate22.66-0.66 %Jun 13
Stock Market1,051-0.10 %Jun 13

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