Inflation Czech Republic 2016
Average inflation: 0.7%
Current Inflation
Inflation is very low at 0.7%, well below the ECB target.
Peak and Trough
The highest inflation was in December at 2.0%. The lowest inflation was in May at 0.1%.
- Highest month
- December: 2.0%
- Lowest month
- May: 0.1%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Alcoholic beverages, tobacco and narcotics with an average of 4.4%. The lowest price increase was in Transport with an average of -1.7%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 4.4%
- Lowest increase
- Transport: -1.7%
Historical Context
Current inflation is around the 5-year average of 1.2%.
- 5-year average
- 1.2%
- 10-year average
- 2%
- All-time high (2008)
- 6.4%
- All-time low (2003)
- 0.1%
Trend
Inflation has remained relatively stable. Compared to 2015, the difference is minimal (+0.4 percentage point).
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- December: +2.0 percentage points
ECB Target
Inflation is 1.3% 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 €100.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2016
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2015 |
|---|---|---|
| January | 0.6% | +0.6 |
| February | 0.5% | +0.4 |
| March | 0.3% | +0.1 |
| April | 0.6% | +0.1 |
| May | 0.1% | -0.6 |
| June | 0.1% | -0.7 |
| July | 0.5% | +0.1 |
| August | 0.6% | +0.3 |
| September | 0.5% | +0.1 |
| October | 0.8% | +0.6 |
| November | 1.6% | +1.5 |
| December | 2.0% | +2.0 |
| Average | 0.7% |
Data source
Data from OECD. Last updated: 10/01/2026.