Inflation in Czech Republic

Czech Republic Inflation | Economic News & Forecasts

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  

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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 Yield1.94-1.85 %Mar 20
Exchange Rate22.59-0.66 %Mar 20
Stock Market1,073-0.10 %Mar 20

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