Inflation in Czech Republic
Czech Republic - Harmonized Inflation (end of period)
Inflation eases from over six-year high in April
Consumer prices rose 0.1% from the previous month in April, following March’s 0.2% month-on-month increase. Data released by the Czech Statistical Office (CSO) revealed that April’s uptick was largely due to higher prices for clothing and footwear, and fuels.
Meanwhile, inflation edged down to 2.8% in April from 3.0% in March, which had marked the highest reading in over six years. As a result, it now stands within the Central Bank’s 1.0%–3.0% tolerance range. Annual average inflation ticked up to 2.4% from 2.3% in the previous month.
Czech Republic Inflation Forecast
The Central Bank expects average inflation of 2.7% for 2019 and 2.1% for 2020. Met the why particular Consensus Forecast panelists project that inflation will average 2.4% in 2019, which is up 0.1 percentage points from last month’s forecast, and 2.0% in 2020.
Czech Republic - Harmonized Inflation (eop) Data
|Inflation Rate (HICP, annual variation in %, eop)||1.5||0.1||-0.1||2.1||2.3|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Harmonized Inflation (eop) Chart
Source: Czech Statistical Office and Met the why particular calculations.
Czech Republic Facts
|Bond Yield||1.85||-1.85 %||May 13|
|Exchange Rate||22.92||-0.66 %||May 13|
|Stock Market||1,044||-0.11 %||May 13|
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May 15, 2019
Annual GDP growth slowed a notch in the first quarter of the year in seasonally- and price-adjusted terms (Q1 2019: +2.5%; Q4 2018: 2.5%), broadly in line with market expectations.
May 13, 2019
Consumer prices rose 0.1% from the previous month in April, following March’s 0.2% month-on-month increase.
May 9, 2019
Industrial production rose a marginal 0.1% year-on-year in March, moderating from February’s 1.5% increase.
May 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, fell from 47.3 in March to 46.6 in April, marking the fifth successive monthly contraction of the all-important sector and the lowest reading since December 2012.
May 2, 2019
On 2 May, the Bank Board of the Czech National Bank (CNB) unanimously decided to lift the two-week repo rate by 25 basis points to 2.00%, marking the first rate hike of the year.