The annual inflation rate in Czech Republic decreased to 2.7% in September of 2019 from 2.9% in the previous month, below market expectations of 2.9%. Cost slowed for housing & utilities (5.0% vs 5.2% in August); food & non-alcoholic beverages (2.5% vs 3.9%); alcoholic beverages & tobacco (2.0% vs 2.4%) and recreation & culture (1.5% vs 1.9%) while prices continued to fall for clothing & footwear (-1.6% vs -1.3%) and communication (-1.6% vs -1.4%). On the other hand, transport cost rebounded (0.5% vs -0.3%) while inflation was steady for miscellaneous goods & services (at 3.6%). Additionally, prices advanced faster for furniture & household equipment (1.4% vs 1.2%); hotels & restaurants (4.8% vs 4.4%) and health (3.1% vs 2.9%). On a monthly basis, consumer prices dropped 0.6 percent, after increasing 0.1 percent in the previous month. Inflation Rate in Czech Republic averaged 4.27 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 3.10 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 2.30 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.