Czech Republic Inflation Rate

Last Release

Mar 31, 2024

Actual

Units In

Frequency

Monthly

Next Release

May 13, 2024

Time to Release

1 Months 0 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
21.9 Feb 1993	-0.4 Jan 2003	4.75 %	1993-2024	Czech Statistical Office

In Czech Republic, the most important category in the consumer price index is Housing and Utilities (26.6 percent of total weight). Food and Non-Alcoholic Beverages accounts for 17.1 percent; Transport for 10.1 percent; Alcoholic beverages and Tobacco for 9.5 percent; Recreation and Culture for 8.8 percent and Miscellaneous Goods and Services for 6.8 percent. Furniture, Household Goods and Maintenance; Restaurants and Hotels; Clothing and Footwear; Communication; Health and Education account for the remaining 21.1 percent of total weight.

Latest Updates

The annual inflation rate in the Czech Republic was unchanged at 2% in March 2024, slightly above market forecasts of 1.9%. Prices slowed for clothing & footwear (5.3% vs 5.8%), furnishings, household equipment & routine household maintenance (0% vs 0.5%), communication (2.7% vs 3.1%), restaurants & hotels (8.3% vs 8.8%), and miscellaneous goods & services (2.8% vs 3.5%). Meanwhile, prices increased at a faster pace for transport (3.5% vs 1.1% in February), housing & utilities (3.5% vs 3.4%), health (4.7% vs 4.6%), and alcoholic beverages & tobacco (4.2% vs 4%). Moreover, deflation continued for food & alcoholic beverages (-5.9% vs -4.8%). On a monthly basis, consumer prices ticked down to 0.1% in March from 0.3% in the prior month.