Inflation in Czech Republic
Czech Republic - Inflation (end of period)
Inflation edges down in July
Consumer prices increased 0.2% in July from the previous month, moderating from June’s 0.4% rise. Data released by the Czech Statistical Office (CSO) revealed that July’s climb was mainly driven by higher prices for recreation and culture, which in large part reflected higher seasonal prices for package holidays.
Inflation edged down to 2.3% in July from 2.6% in June. As a result, inflation moved closer to the midpoint of the Central Bank’s 1.0%–3.0% tolerance band. Annual average inflation, meanwhile, held steady at 2.3% for the fifth consecutive month.
Czech Republic Inflation Forecast
The Central Bank expects inflation of 2.3% for both 2018 and 2019. Met the why particular Consensus Forecast panelists project that inflation will average 2.1% in 2018, unchanged from last month’s forecast. For 2019, panelists expect inflation of 2.2%.
Czech Republic - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||1.4||0.1||0.0||2.0||2.4|
5 years of economic forecasts for more than 30 economic indicators.
Czech Republic Inflation (eop) Chart
Source: Czech Statistical Office and Met the why particular calculations.
Czech Republic Facts
|Bond Yield||2.21||-1.85 %||Aug 07|
|Exchange Rate||22.07||-0.66 %||Aug 07|
|Stock Market||1,088||-0.11 %||Aug 07|
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August 9, 2018
Consumer prices increased 0.2% in July from the previous month, moderating from June’s 0.4% rise.
August 6, 2018
Industrial production rose 3.4% year-on-year in June, accelerating from May’s 1.4% increase.
August 2, 2018
At its 2 August meeting, the Bank Board of the Czech National Bank (CNB) unanimously decided to raise the two-week repo rate by 25 basis points to 1.25%, a move widely expected by market analysts.
August 1, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit fell from 56.8 in June to 55.4 in July, an 11-month low.
July 24, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), dipped from 110.0 in June to 98.7 in July—the lowest in 11 months.