Consumer price growth accelerated to 2.4% y/y in May 2025 from 1.8% in April. It is thus near the middle of the upper tolerance band of the CNB's 2% inflation target.
Published May data show an acceleration in annual core inflation growth to 2.8%, compared with 2.6% in the previous month.
Consumer price inflation was running at a 2.6% annual rate a year ago, compared with 2.5% for core inflation. Their average growth in 2024 was 2.4% y/y for CPI and 2.5% y/y for core inflation, compared to the CNB's inflation target of 2%.

CZSO, CNB ARAD

Data unadjusted for seasonal effects.
The CNB's inflation target is given only for headline inflation since 2002.Before this date, the CNB had been targeting net inflation since 1998. See https://www.cnb.cz/cs/menova-politika/inflacni-cil/historie-inflacnich-cilu-cnb/ for more details.

Economics

Monthly

Consumer price inflation (inflation)