🇨🇿Czechia inflation rate
released 19 Aug 2026 · data through July 2026 · next release expected 31 Aug 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 1.3% as of July 2026. That is 0.7 percentage points below the CNB's 2% target, and 1.7 points below the eurozone average of 3.0%.
The breakdown shows core (excluding energy and food) at 2.8%, energy at -0.5%, food at -1.2% and services at 4.3%. The strongest pressure is in services (4.3%), while food is the softest (-1.2%).
Month on month the headline rose from 1.1% to 1.3%, extending the climb.
Czechia ranks number 28 of 30 European economies by annual inflation, from highest to lowest, between Hungary and Switzerland.
Czechia's harmonised inflation is 1.3% as of July 2026 — belowthe European Central Bank's 2% target by 0.7 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 1.3% as of July 2026.
- Is Czechia's inflation above or below the CNB's 2% target?
- At 1.3%, it is 0.7 percentage points below the Czech National Bank's 2% target.
- How does Czechia's inflation compare with the rest of Europe?
- Czechia ranks number 28 of 30 European economies by inflation, 1.7 points below the eurozone average of 3.0%.
- Did Czechia's inflation rise or fall last month?
- Month on month, the headline rate rose from 1.1% to 1.3% in July 2026.