Latest reading: Consumer prices increased 3.7% on a year-on-year basis in December, following a 3.5% increase in the prior month...
Inflation in Czech Republic
Consumer price inflation in Czech Republic averaged 4.0% in the ten years to 2024, in line with the Central & Eastern Europe regional average of 3.9%. The 2024 average figure was 2.4%. For more information on inflation, visit our dedicated page.
Czech Republic Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Czech Republic from 2014 to 2025.
Source: Macrobond.
Czech Republic Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 3.2 | 3.8 | 15.1 | 10.7 | 2.4 |
| Inflation (CPI, ann. var. %, eop) | 2.3 | 6.6 | 15.8 | 6.9 | 3.0 |
| Inflation (HICP, ann. var. %, aop) | 3.3 | 3.3 | 14.8 | 12.0 | 2.7 |
| Inflation (PPI, ann. var. %, aop) | 0.1 | 7.1 | 24.3 | 5.0 | 0.8 |
Inflation stabilizes in December from the prior month
Latest reading: Consumer prices were up 2.1% in annual terms in December, unchanged from the previous month's reading. Relative to the previous month's figures, there were higher price pressures for housing and utilities (+1.9% on a year-on-year basis vs +1.7% in November) and food and non-alcoholic beverages (+4.1% vs +4.0% in November). In contrast, there were reduced price pressures for transportation (-0.2% vs +0.4% in November) and recreation and culture (+3.6% vs +3.7% in November). Lastly, consumer prices declined 0.26% in December in month-on-month terms, following a 0.32% fall in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Czech inflation projections for the next ten years from a panel of 37 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Czech inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Czech inflation projections.
Want to get access to the full dataset of Czech inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Japan: Inflation eases to lowest since March 2022 in December Latest reading: Consumer prices were up 2.1% on a year-on-year basis in December, following a 2.9% rise in the prior... -
Croatia: Inflation ebbs in December from prior month Latest reading: Harmonized consumer prices rose 3.8% in annual terms in December, following a 4.3% increase in the prior month.... -
Hong Kong: Inflation rises in December from the prior month Latest reading: Consumer prices were up 1.5% on a year-on-year basis in December, following a 1.2% rise in the previous... -
Canada: Inflation rises in December from November Latest reading: Consumer prices were up 2.4% in annual terms in December, following a 2.2% increase in the previous month.... -
South Africa: Inflation inches up in December Latest reading: Consumer prices were up 3.6% in annual terms in December, following a 3.5% rise in the previous month....