The primary objective of the Czech National Bank shall be to maintain price stability (§2, the Act on the CNB). Like most central banks, the CNB focuses on stability of consumer prices. Most central banks conduct monetary policy within some sort of monetary policy regime. The CNB conducts its monetary policy within an inflation targeting regime. Inflation is generally taken to mean persistent increases in the majority of prices in an economy. In practice, inflation in the consumer price area is measured as the increase in the consumer price index. In the Czech Republic, inflation is measured by the Czech Statistical Office (more details on inflation measurement in the Czech Republic are available on the CSO's website). Inflation targeting also includes inflation forecasts which are published in the CNB's Monetary Policy Reports. The CNB also conducts surveys of inflation expectations of households, non-financial corporations and firms and financial markets.
1. Inflation provided by Czech Statistical Office
In the Czech Republic, inflation is measured by the Czech Statistical Office.
- See also: SDDS Plus
- Data on consumer prices are also available, with permission of the CSO, in the ARAD system of time series
2. Inflation targets and inflation forecast by the CNB
3. Inflation expectations interviewed by CNB