The Annual Inflation Rate in the Czech Republic Dropped to 2.3% in September

The Customer Price Index (CPI) in the Czech Republic dropped by 0.3% in September. The slowdown in inflation is unlikely to affect the Czech National Bank’s plan to hike interest rates. Photo credit: Pixabay.

Prepared by Berk Büyükbalcı

Due to the fall in prices for package holidays and discounts in rail and bus fares for students and pensioners, the CPI has fallen to 2.3% in the Czech Republic, according to Think, the economic and financial analysis portal of ING (“Czech Inflation Unexpectedly Slows” Oct. 9, 2018).

The annual inflation rate dropped to 2.3% in September, from 2.5% in August. The CPI fell slightly by 0.3% percent for the month, following a 0.1% rise in August, according to data from Trading Economics, an economic research and data provider.

Despite the fall in inflation in September, the Czech National Bank is unlikely to change their plan to raise interest rates in November to strengthen the Czech Crown.