Inflation Czech Republic 2024
Average inflation: 2.5%
Current Inflation
Inflation is normal at 2.5%, around the ECB target.
Peak and Trough
The highest inflation was in December at 3.0%. The lowest inflation was in February at 2.0%.
- Highest month
- December: 3.0%
- Lowest month
- February: 2.0%
- Difference
- 1.0 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Education with an average of 8.2%. The lowest price increase was in Food and non-alcoholic beverages with an average of -2.2%.
- Highest increase
- Education: 8.2%
- Lowest increase
- Food and non-alcoholic beverages: -2.2%
Historical Context
Current inflation is 4.6% lower than the 5-year average of 7.1%.
- 5-year average
- 7.1%
- 10-year average
- 4.4%
- All-time high (2022)
- 15.1%
- All-time low (2015)
- 0.3%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +8.3 percentage point.
- Change vs. previous year
- -8.3 percentage points
- Largest monthly swing
- January: -15.2 percentage points
ECB Target
Inflation is 0.5% 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 €102.50 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 2.3% | -15.2 |
| February | 2.0% | -14.7 |
| March | 2.0% | -13.0 |
| April | 2.9% | -9.8 |
| May | 2.6% | -8.5 |
| June | 2.0% | -7.7 |
| July | 2.2% | -6.6 |
| August | 2.2% | -6.3 |
| September | 2.6% | -4.3 |
| October | 2.8% | -5.7 |
| November | 2.8% | -4.5 |
| December | 3.0% | -3.9 |
| Average | 2.5% |
Data source
Data from OECD. Last updated: 10/01/2026.