Latest reading: Consumer prices rose 4.6% on a year-on-year basis in August, following a 4.3% rise in the prior month....
Inflation in Czech Republic
Consumer price inflation in Czech Republic averaged 4.0% in the ten years to 2024, in line with the Central & Eastern Europe regional average of 3.9%. The 2024 average figure was 2.4%. For more information on inflation, visit our dedicated page.
Czech Republic Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Czech Republic from 2014 to 2025.
Source: Macrobond.
Czech Republic Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.9 | 15.1 | 10.7 | 2.4 | 2.5 |
| Inflation (CPI, ann. var. %, eop) | 6.7 | 15.7 | 6.9 | 3.0 | 2.0 |
| Inflation (HICP, ann. var. %, aop) | 3.3 | 14.8 | 12.0 | 2.7 | 2.3 |
| Inflation (PPI, ann. var. %, aop) | 7.1 | 24.3 | 5.0 | 0.8 | -0.8 |
Inflation accelerates in July from the prior month
Latest reading: Consumer prices were up 1.7% in annual terms in July, following a 1.5% increase in the previous month. Relative to the prior month's figures, there were higher price pressures for housing and utilities (+1.6% in annual terms vs +1.3% in June) and transportation (+6.6% vs +5.7% in June). In contrast, there were reduced price pressures for food and non-alcoholic beverages (+3.7% vs +4.3% in June) and recreation and culture (+0.9% vs +2.7% in June). Lastly, consumer prices increased 0.59% in July in month-on-month terms, following a 0.29% fall in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Czech inflation projections for the next ten years from a panel of 36 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Czech inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Czech inflation projections.
Want to get access to the full dataset of Czech inflation forecasts? Send an email to info@focus-economics.com.
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