Consumer price growth accelerated to 2.9% y/y in June 2025 from 2.4% in May. It is thus slightly below the upper boundary of the tolerance band of the CNB's 2% inflation target.
The published June data show an acceleration in annual core inflation growth to 3% compared to 2.8% in the previous month.
Consumer price inflation was running at a 2% annual rate a year ago, compared with 2.2% for core inflation. They averaged 2.4% y/y for CPI and 2.5% y/y for core inflation in 2024, 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)