May 17, 2022
According to the Czech Statistical Office (CZSO), consumer prices in April increased by 1.8%, month-on-month. This development came primarily from higher prices in ‘housing, water, electricity, gas and other fuels’ and in ‘food and non-alcoholic beverages’. The year-on-year growth of consumer prices amounted to 14.2% in April, which was 1.5 percentage points up on March.
Consumer prices in April increased by 1.8%, month-on-month. In ‘housing, water, electricity, gas and other fuels’, mainly prices of electricity were higher by 4.3%, natural gas by 4.7%, heat and hot water by 2.8%, materials and services for maintenance and repair of the dwelling by 2.3% and solid fuels by 3.9%. In ‘food and non-alcoholic beverages’, mainly prices of meat increased by 8.7% (of which prices of pork were higher by 23.3%, month-on-month), vegetables by 4.3%, sugar by 17.9%, UHT semi-skimmed milk by 6.8%, eggs by 8.4%, flour by 21.9% and oils and fats by 2.4%. Month-on-month price decrease was observed in ‘alcoholic beverages, tobacco’, where prices of wine were lower by 4.1%, spirits by 2.5% and beer by 1.2%. In ‘transport’, prices of fuels and lubricants for personal transport equipment fell by 3.3%.
Prices of goods in total went up by 1.9% and prices of services by 1.6%.
“Consumer prices increased by 14.2% in comparison with last April. This was the most in last three decades, when in December 1993 the year-on-year price growth reached 18.2%. The April year-on-year index was mostly affected by prices of housing, fuels and food,” noted Pavla Sediva, head of Consumer Price Statistics Unit of CZSO.
The biggest influence on the growth of the year-on-year price level in April came from prices in ‘housing, water, electricity, gas and other fuels’, where besides owner occupied housing costs, also prices of actual rentals increased by 4,5%, prices of water supply by 5.3% and sewage collection by 6.4%
Source: Czech Statistical Office (CZSO)
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