Tuesday, 7 July 2026
Annual consumer price inflation in the Czech Republic slowed to 1.5% in June 2026 from 2.1% in May, according to a preliminary estimate published by the Czech Statistical Office (CZSO).
On a month-on-month basis, consumer prices declined 0.3% in June. The CZSO is scheduled to publish the final inflation figures on 10 July.
June recorded one of the lowest inflation rates of the year, exceeded only by February’s reading of 1.4%. Inflation reached its highest level of 2.5% in April.
Services remained the main source of price growth, with prices increasing 4.5% year-on-year. Prices for alcoholic beverages and tobacco also rose significantly, up 4.3% compared with June 2025.
Food and non-alcoholic beverage prices recorded the largest annual decline, falling 3.4%. Prices of unprocessed food decreased 2.1%, while processed food prices declined 0.6%.
Energy prices, including motor fuels, fell 1% year-on-year, compared with a 1.8% annual increase recorded in May. Goods prices also edged lower, declining 0.4% after posting an increase in the previous month.
Inflation remained above 2% for most of the second half of 2025, reaching 2.9% in June last year. During the first half of 2026, however, inflation moderated and remained below the Czech National Bank’s 2% inflation target for most months.
According to economists, the moderation in inflation during the early part of the year was supported in part by the transfer of renewable energy support payments from households to the state.
