Inflation in Czech Republic
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 |
Czech Republic Inflation Chart
Source: Czech Statistical Office and FocusEconomics calculations.
Czech Republic Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 1.60 | -1.85 % | Jun 13 |
| Exchange Rate | 22.66 | -0.66 % | Jun 13 |
| Stock Market | 1,051 | -0.10 % | Jun 13 |
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Economic News
Czech Republic: Inflation eases from over six-year high in April
June 11, 2019
Consumer prices rose 0.7% from the previous month in May, following April’s 0.1% month-on-month increase.
Czech Republic: Industrial production growth hits five-month high in April
June 6, 2019
Industrial production rose a solid 3.3% year-on-year in April, a five-month high and well above March’s marginal 0.2% increase.
Czech Republic: Manufacturing PMI remains at lowest point since late-2012 in May
June 3, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, remained at April’s 46.6 in May, marking the six successive monthly contraction of the all-important sector and the lowest level since December 2012.
Czech Republic: Growth remains healthy at the start of 2019
May 31, 2019
According to a detailed breakdown of GDP released by Czech Republic’s Statistical Institute on 31 May, the economy grew a seasonally-adjusted 2.6% year-on-year in the first quarter, a notch above the 2.5% growth rate shown in the preliminary release and matching Q4 2018’s increase.
Czech Republic: Economic sentiment falls to near three-year low in May
May 24, 2019
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), declined to a near three-year low of 95.7 in May from 97.1 in April.
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