Inflation Czech Republic 2003
Average inflation: 0.1%
Current Inflation
Inflation is very low at 0.1%, well below the ECB target.
Peak and Trough
The highest inflation was in November at 1.0%. The lowest inflation was in January at -0.5%.
- Highest month
- November: 1.0%
- Lowest month
- January: -0.5%
- Difference
- 1.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Health with an average of 4.0%. The lowest price increase was in Clothing and footwear with an average of -5.0%.
- Highest increase
- Health: 4.0%
- Lowest increase
- Clothing and footwear: -5.0%
Historical Context
Current inflation is 2.5% lower than the 5-year average of 2.6%. This approaches the lowest level since records began (0.1% in 2003).
- 5-year average
- 2.6%
- 10-year average
- 2.6%
- All-time high (2001)
- 4.7%
- All-time low (2003)
- 0.1%
Trend
Inflation shows a downward trend. Compared to 2002, inflation has fallen by +1.8 percentage point.
- Change vs. previous year
- -1.8 percentage points
- Largest monthly swing
- January: -4.4 percentage points
ECB Target
Inflation is 1.9% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €100.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2003
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2002 |
|---|---|---|
| January | -0.5% | -4.4 |
| February | -0.3% | -4.2 |
| March | -0.4% | -4.1 |
| April | -0.1% | -3.6 |
| May | 0.0% | -2.7 |
| June | 0.4% | -0.8 |
| July | 0.0% | -0.6 |
| August | -0.1% | -0.8 |
| September | 0.0% | -1.0 |
| October | 0.4% | -0.3 |
| November | 1.0% | +0.5 |
| December | 1.0% | +0.3 |
| Average | 0.1% |
Data source
Data from OECD. Last updated: 10/01/2026.