Inflation Czech Republic 2004
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in August at 3.4%. The lowest inflation was in April at 2.2%.
- Highest month
- August: 3.4%
- Lowest month
- April: 2.2%
- Difference
- 1.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Communication with an average of 12.9%. The lowest price increase was in Clothing and footwear with an average of -4.1%.
- Highest increase
- Communication: 12.9%
- Lowest increase
- Clothing and footwear: -4.1%
Historical Context
Current inflation is around the 5-year average of 2.7%.
- 5-year average
- 2.7%
- 10-year average
- 2.7%
- All-time high (2001)
- 4.7%
- All-time low (2003)
- 0.1%
Trend
Inflation has remained relatively stable. Compared to 2003, the difference is minimal (+2.7 percentage point).
- Change vs. previous year
- +2.7 percentage points
- Largest monthly swing
- August: +3.5 percentage points
ECB Target
Inflation is 0.8% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €102.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2004
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2003 |
|---|---|---|
| January | 2.3% | +2.8 |
| February | 2.3% | +2.6 |
| March | 2.5% | +2.9 |
| April | 2.2% | +2.3 |
| May | 2.7% | +2.7 |
| June | 2.8% | +2.4 |
| July | 3.1% | +3.1 |
| August | 3.4% | +3.5 |
| September | 2.9% | +2.9 |
| October | 3.4% | +3.0 |
| November | 2.8% | +1.8 |
| December | 2.7% | +1.7 |
| Average | 2.8% |
Data source
Data from OECD. Last updated: 10/01/2026.