Czech Republic: Inflation remains stable in March
Latest reading: Inflation came in at 2.7% in March, matching February’s figure and marking the joint–weakest inflation rate since September 2024. Looking at the details of the release, stronger price pressures for housing and utilities offset a softer increase in food prices and declining transportation costs.
Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.6% in March (February: 2.5%).
Lastly, consumer prices rose 0.06% in March over the previous month, following February’s 0.19% increase.
Panelist insight: Commenting on the outlook, ING’s economist David Havrlant stated:
“Headline inflation is set to slow in April due to an elevated comparison base from the preceding year on account of food prices, yet it will gain pace in the subsequent months and fly close to the upper bound of the tolerance band.”