The inflation rate in the Czech Republic rose to 2.9 percent year-on-year in July 2019 from 2.7 percent in the previous month and above market expectations of 2.8 percent. Upward pressure came from: food and non-alcoholic beverages (4.1 percent vs 2.7 percent in June); recreation and culture (1.7 percent vs 1.4 percent); and miscellaneous goods and services (3.9 percent vs 3.8 percent). On the other hand, inflation was unchanged for housing (at 5.5 percent) and slowed for alcoholic beverages, tobacco (1.2 percent vs 1.8 percent), while transport costs continued to fall (-0.7 percent vs -0.1 percent). On a monthly basis, consumer prices rose 0.4 percent in July, after a 0.2 percent gain in June. Inflation Rate in Czech Republic averaged 4.28 percent from 1993 until 2019, 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.

Inflation Rate in Czech Republic is expected to be 3.00 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 2.40 in 12 months time. In the long-term, the Czech Republic Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

Czech Republic Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-13 07:00 AM Inflation Rate YoY Apr 2.8% 3% 3% 2.6%
2019-06-11 07:00 AM Inflation Rate YoY May 2.9% 2.8% 2.7% 2.5%
2019-07-11 07:00 AM Inflation Rate YoY Jun 2.7% 2.9% 2.7% 2.8%
2019-08-12 07:00 AM Inflation Rate YoY Jul 2.9% 2.7% 2.8% 2.9%
2019-09-10 07:00 AM Inflation Rate YoY Aug 2.9%
2019-10-10 07:00 AM Inflation Rate YoY Sep 3%
2019-11-11 08:00 AM Inflation Rate YoY Oct


Czech Republic Prices Last Previous Highest Lowest Unit
Inflation Rate 2.90 2.70 21.90 -0.40 percent [+]
Inflation Rate Mom 0.40 0.20 3.89 -0.84 percent [+]
Consumer Price Index CPI 108.90 108.50 108.90 50.60 Index Points [+]
Harmonised Consumer Prices 102.60 102.40 112.40 99.30 Index Points [+]
Core Consumer Prices 109.78 109.49 109.78 88.59 Index Points [+]
Core Inflation Rate 2.13 2.05 3.71 -1.04 percent [+]
GDP Deflator 114.20 113.70 114.20 63.30 Index Points [+]
Producer Prices 103.20 103.30 105.00 28.20 Index Points [+]
Producer Prices Change 2.10 2.50 77.40 -5.40 percent [+]
Export Prices 97.00 98.00 103.70 89.80 Index Points [+]
Import Prices 96.20 97.60 111.50 86.50 Index Points [+]
CPI Housing Utilities 111.10 110.90 111.10 24.80 Index Points [+]
CPI Transportation 105.80 106.10 106.50 64.20 Index Points [+]
Food Inflation 4.10 2.70 12.00 -6.50 percent [+]


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. This page provides - Czech Republic Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Inflation Rate - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.70 21.90 -0.40 1993 - 2019 percent Monthly
2005=100




Country Last Previous
Argentina 54.40 Jul/19
Australia 1.60 Jun/19
Brazil 3.22 Jul/19
Canada 2.00 Jun/19
China 2.80 Jul/19
Euro Area 1.10 Jul/19
France 1.10 Jul/19
Germany 1.70 Jul/19
India 3.15 Jul/19
Indonesia 3.32 Jul/19
Italy 0.40 Jul/19
Japan 0.70 Jun/19
Mexico 3.78 Jul/19
Netherlands 2.50 Jul/19
Russia 4.60 Jul/19
Saudi Arabia -1.40 Jun/19
Singapore 0.60 Jun/19
South Africa 4.50 Jun/19
South Korea 0.60 Jul/19
Spain 0.50 Jul/19
Switzerland 0.30 Jul/19
Turkey 16.65 Jul/19
United Kingdom 2.10 Jul/19
United States 1.80 Jul/19


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