Consumer price growth in March 2025 remained at 2.7% y/y from February's 2.7%. It is thus near the middle of the upper tolerance band of the CNB's 2% inflation target. \The March data released show core inflation firming to 2.5% y/y from 2.5% in the previous month. Consumer price inflation was running at a 2% annual rate a year ago, compared with 2.7% for core inflation. They averaged 2.4% y/y for CPI and 2.5% y/y for core inflation in 2024, compared to the CNB's inflation target of 2%.
Source of primary data
CZSO, CNB ARAD
Note
Data unadjusted for seasonal effects. The CNB's inflation target is given only for headline inflation since 2002.Before this date, the CNB had been targeting net inflation since 1998. See https://www.cnb.cz/cs/menova-politika/inflacni-cil/historie-inflacnich-cilu-cnb/ for more details.