Inflation in the Czech Republic and its impact on public finance and CNB policy

Abstract

The article analyzes and substantiates the fact that first the entire global world in the last couple of years has faced drastic changes and upheavals, which have greatly changed the life of society and the economy, and right now due to the increase of geopolitical tension everywhere there are problems in the economy and society and we are all covered with uncertainty. Moreover, it is an undeniable fact that the whole world is currently experiencing the highest inflation in decades. And the Czech Republic like the rest of the world is experiencing inflation that at least a generation can't remember. It is noted that today the Government and the Czech National Bank (CNB) are fully aware of their role as monetary institutions in micro and macro regulation. It is they who now bear full responsibility and the main burden in the fight against inflation in the Czech Republic. It is emphasized that now in the Czech Republic there should be a time of sobering up under the pressure of the crisis, a time of real innovation and useful ideas.