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Inflation in Europe is going back up. Is Czechia at risk?

Higher inflation elsewhere in Europe is sparking concerns about a new wave of energy-driven consumer price increases.

William Nattrass

Written by William Nattrass Published on 15.10.2026 09:11:00 (updated on 15.10.2026) Reading time: 4 minutes

Business & Money
Shutterstock by Drazen Zigic
Shutterstock by Drazen Zigic

A couple of years ago, double-digit inflation profoundly changed the economic realities of life in Czechia. While consumer prices subsequently stabilized, inflation figures are now ticking back up again.

Like the rest of Europe, consumer prices in Czechia are threatened by ongoing global energy price shocks. Could these pressures lead to a new inflation crisis? Expats.cz examined the data and spoke with a leading Czech economist to find out.

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What’s the latest data?

In August, Czech Statistical Office data set year-on-year inflation at 1.9 percent, but in September, that figure rose to 2.5 percent. Inflation is, therefore, back above the 2 percent target maintained by European central banks – including the Czech National Bank – as a benchmark for healthy inflation levels.

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