FX.co ★ Czech Inflation Rebounds in January as Monthly CPI Swings Back Into Positive Territory

The Czech Republic’s consumer price dynamics reversed course at the start of 2026, with the month‑over‑month Consumer Price Index (CPI) rising 0.9% in January 2026 after a 0.3% decline in December 2025. The latest data, updated on 5 February 2026, signal a notable turnaround in short‑term price pressures.

In December 2025, the CPI had fallen by 0.3% compared with November, reflecting a temporary bout of disinflation on a monthly basis. January’s 0.9% month‑over‑month increase therefore marks a clear swing back into positive territory, highlighting renewed upward pressure on consumer prices as the new year began.

The figures are based on month‑over‑month comparisons, where the “actual” value for January compares price changes versus December, and the “previous” value for December compares against November. This shift from negative to positive monthly inflation will be closely watched by market participants and policymakers assessing the trajectory of Czech price growth in early 2026.