The inflation rate in Czech Republic edged down to 2.9 percent in May of 2020 from 3.2 percent in April, reaching the lowest rate in seven months. Still, figures came above market forecasts of 2.6 percent. A slowdown was seen in cost of food and non-alcoholic beverages (6.3 percent vs 7.8 percent), mainly due to meat, cheese, vegetables, sugar and butter; clothing and footwear (2.9 percent vs 3.6 percent); housing and utilities (3.2 percent vs 3.5 percent), mainly water supply and sewage. In contrast, prices of alcoholic beverages and tobacco rose faster (5.8 percent vs 4.3 percent), mainly due to tobacco products. On a monthly basis, consumer prices went up 0.4 percent, rebounding from a 0.2 percent drop in April. Czech Republic started lifting coronavirus lockdown restrictions on April 20th.
Inflation Rate in Czech Republic averaged 4.24 percent from 1993 until 2020, reaching an all time high of 21.90 percent in February of 1993 and a record low of -0.40 percent in January of 2003. This page provides - Czech Republic Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: Czech Statistical Office
Inflation Rate in Czech Republic is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Czech Republic to stand at 1.50 in 12 months time. In the long-term, the Czech Republic Inflation Rate is projected to trend around 2.20 percent in 2021 and 2.00 percent in 2022, according to our econometric models.