Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in Czechia
- 1993↕ Mixed effects
The economy of Czechia ↗ — Wikipedia (opens in a new tab)
After Czechoslovakia split, the Czech Republic introduced the koruna in February 1993. The year's major price impulse came from the new VAT and adjustments to administered prices, while tight policy contained the underlying transition inflation.
- 2008↑ Upward pressure
The world food price crisis ↗ — Wikipedia (opens in a new tab)
In 2008, rising global food and energy costs combined with domestic reform measures. CNB reported that housing and food made up three-quarters of Czech consumer-price growth, while regulated household-energy prices were a major additional contributor.
- 2022↑ Upward pressure
The post-pandemic inflation surge ↗ — Wikipedia (opens in a new tab)
Russia's invasion of Ukraine intensified the energy shock in 2022, lifting Czech household energy bills and food costs. CNB also found unusually broad domestic cost and demand pressure, rather than a purely imported price spike.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.