Inflation Czech Republic 2022
Average inflation: 15.1%
Current Inflation
Inflation is very high at 15.1%, far above the ECB target.
Peak and Trough
The highest inflation was in September at 18.0%. The lowest inflation was in January at 9.9%.
- Highest month
- September: 18.0%
- Lowest month
- January: 9.9%
- Difference
- 8.1 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Restaurants and hotels with an average of 20.9%. The lowest price increase was in Communication with an average of 0.7%.
- Highest increase
- Restaurants and hotels: 20.9%
- Lowest increase
- Communication: 0.7%
Historical Context
Current inflation is 9.7% higher than the 5-year average of 5.4%. This approaches the highest level since records began (15.1% in 2022).
- 5-year average
- 5.4%
- 10-year average
- 3.2%
- All-time high (2022)
- 15.1%
- All-time low (2003)
- 0.1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +11.3 percentage point.
- Change vs. previous year
- +11.3 percentage points
- Largest monthly swing
- June: +14.4 percentage points
ECB Target
Inflation is 13.1% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this high inflation rate, purchasing power rapidly decreases. This has a major impact on households, especially without adequate salary increases.
What you could buy for €100 this year will cost approximately €115.10 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 9.9% | +7.7 |
| February | 11.1% | +9.0 |
| March | 12.7% | +10.4 |
| April | 14.2% | +11.1 |
| May | 16.0% | +13.1 |
| June | 17.2% | +14.4 |
| July | 17.5% | +14.1 |
| August | 17.2% | +13.1 |
| September | 18.0% | +13.1 |
| October | 15.1% | +9.3 |
| November | 16.2% | +10.2 |
| December | 15.8% | +9.2 |
| Average | 15.1% |
Data source
Data from OECD. Last updated: 10/01/2026.