Annual inflation rate in Czech republic increased to 3.6% in January of 2020 from 3.2% in December and above market forecasts of 3.2%. It is the highest inflation rate since March of 2012, mainly driven by prices of food and non-alcoholic beverages (6.3% vs 4.8% in December), namely bread and cereals, pork, dried, salted or smoked meat, cheese and curd, fruit and vegetables. Other upward pressures came from cost of alcoholic beverages and tobacco (3.5% vs 1.9%), garments (1.4% vs 0.3%), shoes (1.5% vs 1.2%) and fuels and lubricants for personal transport equipment (3.5% vs -1.2%). On a monthly basis, consumer prices jumped 1.5% after a 0.2% rise in December and above forecasts of 1%. It is the highest monthly inflation rate since January of 2009.
Inflation Rate in Czech Republic averaged 4.25 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. source: Czech Statistical Office
Inflation Rate in Czech Republic is expected to be 2.60 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 2021 and 2.00 percent in 2022, according to our econometric models.