Inflation in Czech Republic
Czech Republic - Inflation (end of period)
Inflation edges down in September
Consumer prices fell 0.3% in September from the previous month, contrasting August’s mild 0.1% rise. Data released by the Czech Statistical Office (CSO) revealed that September’s dip was largely due to lower prices for package holidays as the summer season came to an end.
Inflation edged down from 2.5% in August to 2.3% in September. 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 seventh consecutive month in September.
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 2.2% in 2018, unchanged from last month’s forecast. For 2019, panelists also expect inflation of 2.2%, also unchanged from last month’s estimate.
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||2.18||-1.85 %||Oct 16|
|Exchange Rate||22.28||-0.66 %||Oct 16|
|Stock Market||1,088||-0.11 %||Oct 16|
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October 9, 2018
Consumer prices fell 0.3% in September from the previous month, contrasting August’s mild 0.1% rise.
October 8, 2018
Industrial production rose 1.9% year-on-year in August, markedly below July’s nine-month high increase of 11.3%.
October 1, 2018
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit dipped from 54.9 in August to 53.4 in September, the third consecutive monthly fall and the lowest reading since November 2016.
September 26, 2018
At its 26 September meeting, the Bank Board of the Czech National Bank (CNB) decided to raise the two-week repo rate by 25 basis points to 1.50%, the third consecutive rate hike and a move widely expected by the market.
September 24, 2018
The economic sentiment indicator, a composite confidence indicator published by the Czech Statistical Office (CSO), climbed from 99.1 in August to 99.6 in September.