Skyline of Prague, Czech Republic

Inflation in Czech Republic

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

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest