FX.co ★ Czechia Inflation Edges Higher in July

The annual inflation rate in the Czech Republic increased to 1.7% in July 2026 from 1.5% in June, matching market expectations, according to preliminary estimates. Price growth in services accelerated (4.7% vs. 4.5% in June), while deflation moderated for food and non-alcoholic beverages (-3.1% vs. -3.4%), energy (-0.3% vs. -1.0%), and goods (-0.2% vs. -0.4%). In contrast, inflation eased in the category of alcoholic beverages and tobacco (3.7% vs. 4.3%). Month over month, consumer prices rose by 0.6% in July, reversing a 0.3% decline in June and registering the strongest monthly increase since March.