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Czech National Bank & Statistical OfficeUpdated Jul 2026

The Czech economy,
read in plain numbers.

Inflation, growth, jobs and interest rates — pulled straight from the Czech National Bank and the Statistical Office, and refreshed as each new figure is published.

Non-commercial. Every figure sourced, dated, and free to read.

Consumer prices

Year on year, %

+0.2 pp
1.70%

Key indicators, right now

The four figures that describe the state of the Czech economy, each with its latest official reading.

GDP growth
0.20%
-0.5 pp

As of 31 Mar 2026

Inflation rate
1.70%
+0.2 pp

As of 31 Jul 2026

Unemployment
5.00%
+0.2 pp

As of 31 Jul 2026

Interest rate
3.75%
0.0 pp

As of 31 Jul 2026

Where things stand

The picture right now

Consumer price inflation stands at 1.5%, down 0.6 from the previous month and 1.4 below its level a year earlier, while core inflation is steadier at 2.8%. Output growth has flattened out, with GDP up just 0.2% on the year in the first quarter of 2026, and unemployment at 4.8% sits 0.6 higher than a year ago, so the softer price picture comes alongside a weaker labour market. The CNB policy rate is unchanged at 3.75%, a quarter point above where it was a year earlier. The koruna has been steady near 24.265 to the euro.

  • headline inflation at 1.5%
  • core inflation higher than headline, at 2.8%
  • GDP growth near flat at 0.2% year on year
  • unemployment up 0.6 on the year
  • policy rate held at 3.75%

Prices

Improving

Czech consumer price inflation stands at 1.5 percent, down 0.6 points from the previous month and 1.4 points lower than a year earlier. That is close to the 1.4 percent low reached in February 2026 and far below the 8.8 percent peak of July 2023. Core inflation is higher at 2.8 percent and has held steady, slipping just 0.1 point on the month.

Output

Mixed

Czech GDP stood at CZK 1,642,294 million in the first quarter of 2026, its highest level in the series and some 35,299 million above the same quarter a year earlier. The quarterly gain was much slimmer, at 3,334 million, and year-on-year growth came in at 0.2 percent, half a point below the prior quarter. Output is therefore still expanding, but at a markedly narrower margin than the annual comparison alone suggests.

Interest rates

Steady

The CNB policy rate stands at 3.75 percent as of July 2026, unchanged from the previous month. That is 0.25 higher than a year earlier, and above the 3.5 percent low reached in May 2025. The rate has been stable at this level, well below the 7 percent seen in August 2023.

Jobs

Mixed

The Czech unemployment rate stood at 4.8 percent in June 2026, unchanged from the previous month. That is 0.6 percentage points higher than a year earlier, and the rate has held steady after reaching 5.2 percent in February.

Written by AI from the figures above, and reviewed before publishing. Every number it quotes comes from the same data shown on this page, but AI can still make mistakes — the figures are the record, not the wording. claude-opus-5 · 7 August 2026

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