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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Czech RepublicCzech Republic CPI YoY climbed to 1.7% in July 2026
FMPMonthlyReleased August 2026
Czech Republic CPI YoY climbed to 1.7% in July 2026, released August 2026, up 0.2% from June's 1.5% reading. The reading matched expectations. The print is running well below the 12-month average of 1.97%. Over the past 3 months, CPI YoY averaged 1.78%, vs 2.2% in the prior 3-month window.
Latest Release
1.7
Actual
1.7
Consensus
1.5
Previous
Median Absolute Error
±0.06 percentage points
across last 7 releases
Last Call
Aug 2026
Predicted: 1.65
Actual: 1.7
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 |
|---|---|---|---|---|---|
| Euro STOXX 50 | ▲ Direct | +0.83 | INDEX | Moves with | → View |
| DAX | ▲ Direct | +0.75 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.74 | INDEX | Moves with | → View |
| BTC/USD | ▼ Inverse | −0.46 | CRYPTO | Moves against | → View |
| EUR/CZK | ▼ Inverse | −0.38 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
CPI YoY (Czech Republic) was reported at 1.7% in August 2026. This matched the market consensus of 1.7% exactly. The reading rose from the previous value of 1.5%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 1.87%, ranging from 1.5% to 2.5% across 7 releases.
WHY IT MATTERS
The trailing three releases averaged 1.63%, down from the prior three at 1.9%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Euro STOXX 50 (Bullish Euro STOXX 50). A secondary relationship exists with DAX, positively correlated (Bullish DAX). Over the last 7 releases, the Sigmacast model's median absolute error is 0.06%.
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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CPI YoY - CZ
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About CPI YoY — Czech Republic
DEFINITION
Czech Republic's CPI YoY for August came in at 1.7%, matching estimates and rising from July's 1.5%. This increase signals a modest acceleration in inflation after a period of deceleration. Market participants will watch upcoming data for confirmation of this trend amid steady central bank policy. 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 1.7 %, consensus 1.7 %. Prior reading (Jul 2026): 1.7 %. Before that (Jun 2026): 1.5 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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 Euro STOXX 50 (Bullish Euro STOXX 50, r=0.83) — a useful reference for index-focused traders.
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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 | |