FX.co ★ Czech Inflation Momentum Cools Sharply in May, CPI MoM Slows to 0.1%

Consumer price growth in the Czech Republic slowed markedly in May 2026, with the month‑over‑month Consumer Price Index (CPI) rising just 0.1%. This is a notable deceleration from April 2026, when prices increased by 0.5% compared with March, according to data updated on 4 June 2026.

On a month‑over‑month basis, the May reading shows a significant cooling in short‑term inflation pressures. While April’s 0.5% gain suggested relatively firm price momentum, the May figure indicates that price growth has nearly stalled, potentially easing immediate concerns about accelerating inflation.

The comparison is based on sequential monthly changes: the current “actual” figure reflects the change in May versus April, while the “previous” figure captures the change in April versus March. This sharp slowdown in monthly price growth will be closely watched by market participants assessing the near‑term inflation trajectory in the Czech economy.