Consumer prices rose by 0.2 % month-on-month. This development was mainly influenced by higher prices in the recreation and culture section. Year-on-year, consumer prices rose by 2.7 % in February, 0.1 percentage point lower than in January.
Month-on-month comparison
Month-on-month, consumer prices rose by 0.2 % in February. In the recreation and culture section, prices for full-service holidays were higher by 5.0 % and prices for recreation and cultural services were higher by 0.9 %. In the home furnishings, household equipment section, prices of major household appliances in particular increased by 1.9 %. Price developments in the transport division were influenced by a 0.6 % increase in the price of fuels and oils. In the catering and accommodation division, prices of food services also increased by 0.6 %. In contrast, the month-on-month decline in the overall price level in February was mainly driven by prices in the food and non-alcoholic beverages division, where prices of pork fell by 4.3 %, fruit by 1.5 %, butter by 5.3 %, poultry meat by 2.0 % and soft drinks by 0.7 %. In the alcoholic beverages, tobacco section, wine prices were lower by 5.8 %, spirits by 3.5 % and beer by 1.3 %.
Aggregate prices of goods fell by 0.2 %, while prices of services rose by 0.7 %.
Year-on-year comparison
"February's annual consumer price growth reached 2.7 %. Price growth was recorded in all sections of the consumer basket, except for clothing and footwear. Here, prices fell for the fifth consecutive month on an annual basis. In February, by around 2 %," She told Pavla Šedivá, Head of the Consumer Price Statistics Division of the CZSO.
Year-on-year, consumer prices rose by 2.7 % in February, 0.1 percentage point less than in January. Slowdown annual price growth was mainly driven by prices in the transport division. Here, there was a deepening of the price decline in fuels and oils, whose prices were down by 3.9 % yoy in February (down by 0.4 % in January), partly due to their stronger month-on-month growth in February last year.
On a year-on-year basis price level increase prices in the food and non-alcoholic beverages section were again the most influential in February, with prices of semi-skimmed long-life milk rising by 12.3 %, eggs by 18.6 %, butter by 41.6 % and chocolate and chocolate products by 30.5 %. Second in order of influence were prices in the alcoholic beverages, tobacco section, where prices of spirits increased by 2.9 %, beer by 0.6 % and tobacco products by 9.5 %. Wine prices fell by 1.8 % year-on-year. In the food and accommodation division, prices of food services and accommodation services were higher by 4.9 and 8.7 % respectively. In the housing division, prices of rent on dwellings increased by 6.7 %, goods and services for the routine maintenance of dwellings by 3.5 %, water charges by 4.2 %, sewerage charges by 3.7 % and heat and hot water by 4.1 1 %. Electricity and natural gas prices decreased by 4.8 % and 7.9 % respectively. Prices in the clothing and footwear section continued to contribute to the year-on-year decline in the overall price level in February, with prices of clothing falling by 1.2 % and footwear by 5.1 %.
The cost of owner-occupied housing (imputed rent) rose by 3.1 % yoy (2.9 % in January), mainly due to the rise in new property prices. The aggregate consumer price index excluding the cost of owner-occupied housing was 102.7 %.
Aggregate prices of goods rose by 1.4 % and prices of services by 4.7 %.
The level of the core CPI to the 2015 base period average was 154.3 % in February (154.0 % in January).
The inflation rate, expressed as the increase in the average consumer price index over the past 12 months compared with the average of the previous 12 months, was 2.5 % in February (2.5 % in January).
Harmonised Index of Consumer Prices (HICP)
According to preliminary HICP calculations in February in the Czech Republic Monthly increased by 0.2 % and year-on-year by 2.8 % (2.9 % in January). According to flash estimates. Eurostatubyla year-on-year HICP change in February 2025 for the Eurozone 2.4 % (2.5 % in January), 2.8 % in Germany and 4.0 % in Slovakia. The highest was in Estonia in February (5.0 %) and the lowest in France (0.9 %). According to preliminary Eurostat data, the year-on-year HICP change The 27 EU countries in January 2.8 %, which was 0.1 percentage point higher than in December. It was highest in Hungary (5.7 %) and lowest in Denmark (1.4 %) in January.
(More information on the Eurostat website: HICP.)
CSO/ gnews.cz - RoZ
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