FX.co ★ Czech Inflation Cools Further as January CPI Slips to 1.6% Year-on-Year

Czech consumer price inflation eased in January 2026, with the year-on-year Consumer Price Index (CPI) slowing to 1.6%, down from 2.1% in December 2025. The latest data, updated on 5 February 2026, confirms a further moderation in price pressures as measured against the same month a year earlier.

Both the current and previous readings are based on year-over-year comparisons, meaning January 2026 inflation is measured against January 2025, while the December figure reflected changes versus December 2024. The step down from 2.1% to 1.6% suggests disinflation is continuing in the Czech economy, potentially easing pressure on households and providing more room for policymakers to assess future interest rate decisions.

The move closer to lower inflation territory will be closely watched by markets and businesses, as it may influence expectations for monetary policy and shape planning around wages, pricing, and investment for the rest of 2026.