Development of inflation rates in the Czech Republic
The inflation rate in the Czech Republic moved over the past years between 0.1% and 10.6%. For 2016, an inflation rate of 0.6% was calculated.
During the observation period from 1994 to 2016, the average inflation rate was 3.9%
per year. Overall, the price increase was 131.48 %. An item that cost 100 Kronen in 1993 was 2016 so charged 231.48 Kronen.
In only a very few countries, the price increase is that high. The rate of 10.6% in 1998 means, that compared to the previous year all prices have been increased by an average of 10.6%. In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: Czechia