The annual inflation rate in the Czech Republic rose to 2.5% year-on-year in April 2026 from 1.9% in the previous month, in line with market expectations, according to preliminary estimates. This marked the highest level since October 2025, driven by a sharp increase in alcoholic beverages and tobacco (5.2% vs 3.3% in March). Prices also rebounded for energy (1.5% vs -1.7%), while goods inflation accelerated (1.1% vs 0.1%) and services edged up (4.8% vs 4.7%). In contrast, deflation in food and soft drinks persisted (-1.3% vs -1.1%). On a monthly basis, consumer prices rose 0.5% in April, slightly above market expectations of 0.4% and easing from 0.6% in the previous month.