FX.co ★ Czech Republic Inflation Confirmed at 1.7% in July

The annual inflation rate in the Czech Republic increased to 1.7% year-on-year in July 2026, in line with preliminary estimates and up from 1.5% in June. Price growth accelerated in several categories, including housing and utilities (1.6% vs. 1.3%), transport (6.6% vs. 5.7%), furnishings, household equipment, and routine household maintenance (1.6% vs. 1.3%), as well as health (3.7% vs. 3.4%).

At the same time, deflation in food and non-alcoholic beverages eased slightly (-3.1% vs. -3.4%). By contrast, price growth slowed for alcoholic beverages and tobacco (3.7% vs. 4.3%), recreation, sports, and culture (0.9% vs. 2.7%), restaurants and accommodation services (4.3% vs. 4.5%), and information and communication (1.8% vs. 1.9%). Inflation remained unchanged in education (4.0%) and in personal care, social protection, and miscellaneous goods and services (3.6%).

On a monthly basis, consumer prices rose 0.6% in July, reversing a 0.3% decline in June and posting the strongest monthly increase since March.