Czech Republic: Inflation hits a four-month low in January
Latest reading: Inflation edged down to 2.8% in January from December’s 3.0%, logging the lowest inflation rate since September 2024, remaining within the Central Bank’s 1.0–3.0% target range for more than a year. Looking at the details of the release, prices for housing and utilities grew at a weaker pace, while prices for food and non-alcoholic beverages rose at a largely steady pace compared to the previous month’s reading. That said, transportation prices accelerated.
That said, the trend pointed up slightly, with annual average inflation rising to 2.5% in January (December: 2.4%).
Finally, consumer prices increased 1.32% over the previous month in January, contrasting the 0.26% fall recorded in December. January’s uptick marked the highest reading since January 2024.