Development of inflation rates in Czechia
The inflation rate for consumer prices in Czechia moved over the past 27 years between 0.1% and 20.8%. For 2019, an inflation rate of 2.8% was calculated.
During the observation period from 1992 to 2019, the average inflation rate was 4.7%
per year. Overall, the price increase was 233.86 %. An item that cost 100 Kronen in 1992 was so charged 333.86 Kronen in the beginning of 2020.
In only a very few countries, the price increase is that high. The rate of 20.8% in 1993 means, that compared to the previous year all prices have been increased by an average of 20.8%. 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