Czech Republic Inflation

Czech Republic

Czech Republic: Inflation at nine-month low in November

December 9, 2015

In November 2015, consumer prices fell 0.4% over the previous month, which followed October’s stable reading. According to the Czech Statistical Office, the print reflected lower prices for the majority of items that comprise the consumer basket.

In November, inflation moderated from October’s 0.2% to 0.1%, which marked the lowest level in nine months. In addition, the print fell short of the 0.3% that the markets had expected. As a result, inflation remained below the Czech National Bank’s (CNB) target range of 1.0% to 3.0%.

The CNB expects that consumer prices will rise 1.4% on average in 2016. Met the why particular Consensus Forecast panelists project that inflation will average 1.4% in 2016, which is unchanged from last month’s Consensus. For 2017, panelists expect inflation of 2.0%.


Author: Teresa Kersting, Economist

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Czech Republic Inflation Chart


Czech Republic Inflation November 2015

Note: Month-on-month changes and annual variation of consumer price index (CPI) in %.
Source: Czech National Statistics Office (CSO).


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