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The annual inflation rate in the Czech Republic slowed to 1.4% in February 2026 from 1.6% in January, coming in just below market expectations of 1.6%, according to preliminary estimates. This was the lowest rate since October 2016. The deceleration was driven by weaker price growth for food and non-alcoholic beverages (0.4% vs 1.3% in January), alcoholic beverages and tobacco (4% vs 4.7%), and services (4.5% vs 4.7%). Deflation in goods intensified (-0.7% vs -0.4%), while price declines in energy eased slightly (-7.8% vs -7.9%). On a monthly basis, consumer prices fell by 0.1% in February, reversing a 0.9% increase in the previous month.
