Inflation Czech Republic 2020
Average inflation: 3.2%
Current Inflation
Inflation is high at 3.2%, well above the ECB target.
Peak and Trough
The highest inflation was in February at 3.7%. The lowest inflation was in December at 2.3%.
- Highest month
- February: 3.7%
- Lowest month
- December: 2.3%
- Difference
- 1.4 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 7.6%. The lowest price increase was in Communication with an average of -3.6%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 7.6%
- Lowest increase
- Communication: -3.6%
Historical Context
Current inflation is 0.9% higher than the 5-year average of 2.3%.
- 5-year average
- 2.3%
- 10-year average
- 1.9%
- All-time high (2008)
- 6.4%
- All-time low (2003)
- 0.1%
Trend
Inflation shows an upward trend. Compared to 2019, inflation has risen by +0.4 percentage point.
- Change vs. previous year
- +0.4 percentage points
- Largest monthly swing
- January: +1.1 percentage points
ECB Target
Inflation is 1.2% 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 €103.20 next year at this inflation rate.
Multi-year trend
Monthly figures 2020
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2019 |
|---|---|---|
| January | 3.6% | +1.1 |
| February | 3.7% | +1.0 |
| March | 3.4% | +0.4 |
| April | 3.2% | +0.4 |
| May | 2.9% | 0.0 |
| June | 3.3% | +0.6 |
| July | 3.4% | +0.5 |
| August | 3.3% | +0.4 |
| September | 3.2% | +0.5 |
| October | 2.9% | +0.2 |
| November | 2.7% | -0.4 |
| December | 2.3% | -0.9 |
| Average | 3.2% |
Data source
Data from OECD. Last updated: 10/01/2026.