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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Czech RepublicCzech Republic CPI MoM climbed to 0.6% in July 2026
FMPMonthlyReleased August 2026
Czech Republic CPI MoM climbed to 0.6% in July 2026, released August 2026, up 0.9% from June's -0.3% reading. The reading matched expectations. The print is running well above the 12-month average of 0.27%. Over the past 3 months, CPI MoM averaged 0.04%, vs 0.55% in the prior 3-month window.
Latest Release
0.6
Actual
0.6
Consensus
-0.3
Previous
Median Absolute Error
±0.05 percentage points
across last 7 releases
Last Call
Aug 2026
Predicted: 0.55
Actual: 0.6
Error: -0.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/CZK | ▼ Inverse | −0.69 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.66 | COMMODITIES | Moves with | → View |
| Euro STOXX 50 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.29 | INDEX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI MoM (Czech Republic) was reported at 0.6% in August 2026. This matched the market consensus of 0.6% exactly. The reading rose from the previous value of -0.3%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 0.19%, ranging from -0.3% to 0.6% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 0.3%, up from the prior three at -0.03%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/CZK (Bearish EUR). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). Over the last 7 releases, the Sigmacast model's median absolute error is 0.05%.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CPI MoM - CZ
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About CPI MoM — Czech Republic
DEFINITION
Czech Republic's CPI MoM rose 0.600000% in August, matching estimates and reversing July's -0.300000% decline. August's inflation increase signals renewed upward pressure after a month of deflation. Market focus remains on upcoming central bank decisions amid this inflation rebound. Updated 8/11/26
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 0.6 %, consensus 0.6 %. Prior reading (Jul 2026): 0.6 %. Before that (Jun 2026): -0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with EUR/CZK (Bearish EUR, r=-0.69) — a useful reference for forex-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - CZ Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | CZ | Producer Price Index MoM | 0.4 | 0.3 | 0.3 | 0.35 | Low |
| 07:00 | CZ | Producer Price Index YoY | 2 | 1.6 | 1.8 | 1.90 | Low |
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | CZ | Interest Rate Decision | 3.75 | 3.75 | 3.75 | Low | |
| Monday, September 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:00 | CZ | External Debt | 238.12 | 239.7 | 240.06 | Low | |