🇨🇿Czechia inflation rate
Last updated 1 Jul 2026 · data through May 2026 · next release expected 17 Jul 2026
Czechia sits outside the euro area, with its own currency and central bank. Harmonised inflation (HICP) — the EU-harmonised measure that makes prices comparable across Europe — stands at 1.8% as of May 2026. That is 0.2 percentage points below the CNB's 2% target, and 1.0 point below the eurozone average of 2.8%.
The breakdown shows core (excluding energy and food) at 2.8%, energy at 1.7%, food at -0.1% and services at 4.4%. The strongest pressure is in services (4.4%), while food is the softest (-0.1%).
Month on month the headline eased from 2.1% to 1.8%, a step down from the month before.
Czechia ranks number 27 of 30 European economies by annual inflation, from highest to lowest, between Malta and Denmark.
Czechia's harmonised inflation is 1.8% as of May 2026 — belowthe European Central Bank's 2% target by 0.2 percentage points.
Compare with the rest of Europe on the European inflation ranking →
Frequently asked questions
- What is Czechia's current inflation rate?
- Czechia's annual inflation rate, measured by the harmonised index of consumer prices (HICP), is 1.8% as of May 2026.
- Is Czechia's inflation above or below the CNB's 2% target?
- At 1.8%, it is 0.2 percentage points below the Czech National Bank's 2% target.
- How does Czechia's inflation compare with the rest of Europe?
- Czechia ranks number 27 of 30 European economies by inflation, 1.0 points below the eurozone average of 2.8%.
- Did Czechia's inflation rise or fall last month?
- Month on month, the headline rate eased from 2.1% to 1.8% in May 2026.