Czech Republic Inflation Rate

Last Release

Nov 30, 2024

Actual

2.8

Units In

2.8

Frequency

Monthly

Next Release

Jan 10, 2025

Time to Release

29 Days 8 Hours

Highest	Lowest	Average	Date Range	Source
21.9 Feb 1993	-0.4 Jan 2003	4.7 %	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 stood at 2.8% in November 2024, unchanged from the previous month and below market expectations of 3%. Prices moderated for housing and utilities (4.2% vs 4.6% in October), alcoholic beverages and tobacco (4.6% vs 5%), communication (0.7% vs 0.9%), recreation and culture (3.5% vs 3.8%), restaurants and hotels (7% vs 7.2%), and miscellaneous goods and services (3.2% vs 4%). Meanwhile, costs increased at a faster pace for food and non-alcoholic beverages (0.9% vs 0.1%), furnishings, household equipment and routine household maintenance (1% vs 0.8%), health (4.3% vs 3.2%), and education (11.4% vs 11.3%). At the same time, costs rebounded for transport (0.1% vs -1.3%). On a monthly basis, consumer prices edged down to 0.1% in November 2024 from 0.3% in the previous month.