Inflation Czech Republic 2019
Average inflation: 2.8%
Current Inflation
Inflation is normal at 2.8%, around the ECB target.
Peak and Trough
The highest inflation was in December at 3.2%. The lowest inflation was in January at 2.5%.
- Highest month
- December: 3.2%
- Lowest month
- January: 2.5%
- Difference
- 0.7 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Housing, water, electricity, gas and other fuels with an average of 5.3%. The lowest price increase was in Communication with an average of -1.8%.
- Highest increase
- Housing, water, electricity, gas and other fuels: 5.3%
- Lowest increase
- Communication: -1.8%
Historical Context
Current inflation is 1.1% higher than the 5-year average of 1.7%.
- 5-year average
- 1.7%
- 10-year average
- 1.7%
- All-time high (2008)
- 6.4%
- All-time low (2003)
- 0.1%
Trend
Inflation has remained relatively stable. Compared to 2018, the difference is minimal (+0.7 percentage point).
- Change vs. previous year
- +0.7 percentage points
- Largest monthly swing
- March: +1.3 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 2019
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2018 |
|---|---|---|
| January | 2.5% | +0.3 |
| February | 2.7% | +0.9 |
| March | 3.0% | +1.3 |
| April | 2.8% | +0.9 |
| May | 2.9% | +0.7 |
| June | 2.7% | +0.1 |
| July | 2.9% | +0.6 |
| August | 2.9% | +0.4 |
| September | 2.7% | +0.4 |
| October | 2.7% | +0.5 |
| November | 3.1% | +1.1 |
| December | 3.2% | +1.2 |
| Average | 2.8% |
Data source
Data from OECD. Last updated: 10/01/2026.