Inflation Czech Republic 2021
Average inflation: 3.8%
Current Inflation
Inflation is high at 3.8%, well above the ECB target.
Peak and Trough
The highest inflation was in December at 6.6%. The lowest inflation was in February at 2.1%.
- Highest month
- December: 6.6%
- Lowest month
- February: 2.1%
- Difference
- 4.5 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 8.5%. The lowest price increase was in Communication with an average of -0.6%.
- Highest increase
- Alcoholic beverages, tobacco and narcotics: 8.5%
- Lowest increase
- Communication: -0.6%
Historical Context
Current inflation is 0.9% higher than the 5-year average of 2.9%.
- 5-year average
- 2.9%
- 10-year average
- 2%
- All-time high (2008)
- 6.4%
- All-time low (2003)
- 0.1%
Trend
Inflation has remained relatively stable. Compared to 2020, the difference is minimal (+0.6 percentage point).
- Change vs. previous year
- +0.6 percentage points
- Largest monthly swing
- December: +4.3 percentage points
ECB Target
Inflation is 1.8% 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 €103.80 next year at this inflation rate.
Multi-year trend
Monthly figures 2021
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2020 |
|---|---|---|
| January | 2.2% | -1.4 |
| February | 2.1% | -1.6 |
| March | 2.3% | -1.1 |
| April | 3.1% | -0.1 |
| May | 2.9% | 0.0 |
| June | 2.8% | -0.5 |
| July | 3.4% | 0.0 |
| August | 4.1% | +0.8 |
| September | 4.9% | +1.7 |
| October | 5.8% | +2.9 |
| November | 6.0% | +3.3 |
| December | 6.6% | +4.3 |
| Average | 3.8% |
Data source
Data from OECD. Last updated: 10/01/2026.