The annual inflation rate in the Czech Republic rose to 1.7% in July 2026 from 1.5% in the previous month, in line with market expectations, according to preliminary estimates. Service price inflation picked up (4.7% vs. 4.5% in June), while deflation eased for food and beverages (-3.1% vs. -3.4%), energy (-0.3% vs. -1.0%), and goods (-0.2% vs. -0.4%). Meanwhile, inflation slowed for alcoholic beverages and tobacco (3.7% vs. 4.3%). On a monthly basis, consumer prices rose 0.6% in July, rebounding from a 0.3% decline in June and marking the strongest monthly increase since March.