The inflation rate in the Czech Republic eased for the fifth straight month to 2.3 percent in December of 2020, the lowest since December of 2018 and below market expectations of 2.6 percent. The slowdown in inflation was mainly driven by lower prices of food & non-alcoholic beverages (-0.1 percent vs 1.9 percent in November) and communications (-1.2 percent vs -1.4 percent). Also, costs slowed for clothing & footwear (2.2 percent vs 3.7 percent); housing & utilities (1.2 percent vs 1.4 percent) and restaurants & hotels (4.1 percent vs 4.3 percent). On a monthly basis, consumer prices were down 0.2 percent, following a 0.2 percent increase in the previous month and against market estimates of a flat reading. Downward pressure came mostly from prices food & non-alcoholic beverages (-1.2 percent vs -0.1 percent), of which vegetables (-9.4 percent); and clothing & footwear (-1.3 percent vs flat reading). source: Czech Statistical Office

Inflation Rate in Czech Republic averaged 4.22 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 January of 2021.

Inflation Rate in Czech Republic is expected to be 1.50 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 2.20 in 12 months time. In the long-term, the Czech Republic Inflation Rate is projected to trend around 2.20 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Czech Republic Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.70 21.90 -0.40 1993 - 2020 percent Monthly
2005=100


Calendar GMT Actual Previous Consensus TEForecast
2020-10-12 07:00 AM Sep 3.2% 3.3% 3.5% 3.4%
2020-11-10 08:00 AM Oct 2.9% 3.2% 3% 3.2%
2020-12-10 08:00 AM Nov 2.7% 2.9% 2.8% 2.8%
2021-01-13 08:00 AM Dec 2.3% 2.7% 2.6% 2.5%
2021-02-12 08:00 AM Jan 2.3% 2.1%
2021-03-10 08:00 AM Feb
2021-04-13 07:00 AM Mar
2021-05-11 07:00 AM Apr


News Stream
Czech December Inflation Rate Lowest Since 2018
The inflation rate in the Czech Republic eased for the fifth straight month to 2.3 percent in December of 2020, the lowest since December of 2018 and below market expectations of 2.6 percent. The slowdown in inflation was mainly driven by lower prices of food & non-alcoholic beverages (-0.1 percent vs 1.9 percent in November) and communications (-1.2 percent vs -1.4 percent). Also, costs slowed for clothing & footwear (2.2 percent vs 3.7 percent); housing & utilities (1.2 percent vs 1.4 percent) and restaurants & hotels (4.1 percent vs 4.3 percent). On a monthly basis, consumer prices were down 0.2 percent, following a 0.2 percent increase in the previous month and against market estimates of a flat reading. Downward pressure came mostly from prices food & non-alcoholic beverages (-1.2 percent vs -0.1 percent), of which vegetables (-9.4 percent); and clothing & footwear (-1.3 percent vs flat reading).
2021-01-13
Czech November Inflation Rate Slows to 13-Month Low
The inflation rate in the Czech Republic fell to a thirteen-month low of 2.7 percent in November of 2020 from 2.9 percent in the prior month and slightly below market expectations of 2.8 percent. Prices advanced at a softer pace for food & non-alcoholic beverages (1.9 percent vs 3.2 percent in October); clothing & footwear (3.7 percent vs 4.2 percent); housing & utilities (1.4 percent vs 1.6 percent); furnishings (2.3 percent vs 3.2 percent) and restaurants & hotels (4.3 percent vs 4.5 percent). On a monthly basis, consumer prices were flat, following a 0.2 percent increase in the previous month and against market expectations of a 0.1 percent rise.
2020-12-10
Czech Inflation Rate Eases to 5-Month Low
The inflation rate in the Czech Republic dropped to a five-month low of 2.9 percent in October 2020, from 3.2 percent in the previous month and below market consensus of 3.0 percent. Prices rose at a softer pace for housing and utilities (1.6 percent vs 2.5 percent in September), food and non-alcoholic beverages (3.2 percent vs 3.4 percent), alcoholic beverages, tobacco (9.4 percent vs 10.3 percent), and recreation and culture (2.4 percent vs 2.6 percent). Meanwhile, miscellaneous goods and services inflation was unchanged at 3.4 percent, while transport cost rebounded 0.5 percent, after being flat in September. On a monthly basis, consumer prices rose 0.2 percent in October.
2020-11-10
Czech September Inflation Rate Below Forecasts
The Czech annual inflation rate edged down to a four-month low of 3.2 percent in September of 2020 from 3.3 percent in August and below market expectations of 3.5 percent. Prices slowed mostly for food & non-alcoholic beverages (3.4 percent vs 4.4 percent in August); housing & utilities(2.5 percent vs 2.9 percent) and alcoholic beverages and tobacco (10.3 percent vs 10.5 percent). Meantime, transport prices were flat, following a 0.6 percent drop in the prior month. On a monthly basis, consumer prices went down 0.6 percent, after increasing 0.4 percent in the prior month and compared with market expectations of a 0.3 percent decrease.
2020-10-12

Czech Republic Inflation Rate
In Czech Republic, the most important category in the consumer price index is Housing and Utilities (26.6 percent of total weight). Food and Non-Alcoholic Beverages accounts for 17.1 percent; Transport for 10.1 percent; Alcoholic beverages and Tobacco for 9.5 percent; Recreation and Culture for 8.8 percent and Miscellaneous Goods and Services for 6.8 percent. Furniture, Household Goods and Maintenance; Restaurants and Hotels; Clothing and Footwear; Communication; Health and Education account for the remaining 21.1 percent of total weight.