Czech consumer prices increased by 2.5 percent year-on-year in February 2017, following a 2.2 percent gain in the previous month and beating market expectations of a 2.4 percent rise. It was the highest inflation rate since November 2012, as cost rose at a faster pace for: Food and non-alcoholic beverages (4.6 percent from 3.5 percent in January); transport (6.6 percent from 5.1 percent); and recreation and culture (0.8 percent from 0.5 percent). Additional upward pressure came from: Housing and utilities (0.8 percent, the same as in January); and alcoholic beverages and tobacco (3.1 percent from 3.7 percent). Meanwhile, prices of furnishings and household equipment continued to fall (-1.3 percent from -0.5 percent in January). On a monthly basis, consumer prices went up by 0.4 percent after rising by 0.8 percent in January, above consensus of a 0.3 percent gain. Inflation Rate in Czech Republic averaged 4.46 percent from 1993 until 2017, reaching an all time high of 21.90 percent in February of 1993 and a record low of -0.40 percent in January of 2003.
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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. This page provides – Czech Republic Inflation Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Czech Republic Inflation Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.