Czech Republic Inflation
Inflation declines to lowest level since December 2021 in June
Inflation came in at 9.7% in June, which was down from May’s 11.1%. June’s figure marked the lowest inflation rate since December 2021. Looking at the details of the release, prices for housing and utilities grew at a weaker rate in June, although prices for food and non-alcoholic beverages were largely in line with the previous month’s reading.
Accordingly, the trend pointed down, with annual average inflation coming in at 15.1% in June (May: 15.8%).
Finally, consumer prices rose 0.34% over the previous month in June, picking up from the 0.27% increase recorded in May. June’s uptick was the highest reading since February.
Czech Republic Inflation Chart
This chart displays Inflation Rate (CPI, annual variation in %) for Czech Republic from 2013 to 2022.
Czech Republic Inflation Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.1 | 2.8 | 3.2 | 3.8 | 15.1 |
| Inflation (CPI, ann. var. %, eop) | 2.0 | 3.2 | 2.3 | 6.6 | 15.8 |
| Inflation (HICP, ann. var. %, aop) | 2.0 | 2.6 | 3.3 | 3.3 | 14.8 |
| Inflation (PPI, ann. var. %, aop) | 2.0 | 2.6 | 0.1 | 7.1 | 24.3 |