Economic policy

This section reports on economic policy initiatives of the Czech government, the EU, and other entities that have a direct impact on the competitiveness of the country. It also includes information on economic priorities of the AmCham and other leading associations.

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Spotlight issue

14th January 2021 / Economic policy / Macroeconomic Indicators, Economic Growth

Czech Republic: December inflation lower

Czech inflation slowed down more than expected in December to 2.3% year-on-year amid lower prices of food. November sales in retail and services were impacted by the lockdown, though less than in April

13th January 2021 / Economic policy / Macroeconomic Indicators, Economic Growth

Inflation is hampered by cheaper food, with core inflation remaining high

Due to a fall in food prices, inflation slowed down more than expected. Core inflation remains elevated. We still expect inflationary pressures will ease due to weakened demand. At the beginning of the year, inflation should be below 2%. Inflation is below market and CNB expectations, and speculation on future rate hikes is declining.

5th January 2021 / Economic policy / Digital Agenda

Czech Investment in ICT Equipment, Software at 4.3% of GDP

In 2019, companies and public administration invested almost CZK 245 bn in ICT equipment and software. Investment in software and databases has been growing at a significantly faster pace, accounting for two-thirds of the total investment in ICT, than investment in ICT equipment. More than 18% of the total R&D expenditures in the country were spent in the ICT industry.