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Inflation in Czech Republic
Consumer price inflation in the Czech Republic averaged 3.2% in the ten years to 2022, below the Eastern Europe regional average of 7.7%. The 2022 average figure was 15.1%. For more inflation information, visit our dedicated page.
Czech Republic Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Czech Republic from 2022 to 2014.
Source: Macrobond.
Czech Republic Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.8 | 3.2 | 3.8 | 15.1 | 10.7 |
| Inflation (CPI, ann. var. %, eop) | 3.2 | 2.3 | 6.6 | 15.8 | 6.9 |
| Inflation (HICP, ann. var. %, aop) | 2.6 | 3.3 | 3.3 | 14.8 | 12.0 |
| Inflation (PPI, ann. var. %, aop) | 2.6 | 0.1 | 7.1 | 24.3 | 5.0 |
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 33 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.
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