Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Czech headline inflation accelerates above expectations in January

Czech consumer price inflation accelerated above market and the central bank’s expectations in January. Sequentially, prices rose 1 percent, pushing the year-on-year rate to 2.5 percent. Even if the outcome might be slightly unexpected, the underlying reasons are not. The spiralling housing costs, which are not easy to predict, play the main role in January print. This includes the rents, reflecting the growing property prices, as well as energy prices responding to energy exchange developments. Currently, the housing costs account for over half of the current inflation, and this situation is going to persist.

Inflationary contributions of lesser magnitude include more expensive alcohol and cigarettes along with prices of personal services, reflecting not only higher demand but also associated growing wages in particular.

“We expect the inflation to maintain a higher level throughout the first quarter of this year and to start slowing down only afterwards. The figure published today stands far from the central bank’s forecast, although still within the tolerance band”, stated KBC Market Research in a report.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 22 08:30 UTC Released

ZMBenchmark Interest Rate

Actual

10.25 %

Forecast

Previous

9.75 %

May 22 08:30 UTC Released

GBCPI NSA

Actual

107.6 Index

Forecast

Previous

107 Index

January 31 00:00 UTC 686086686086m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 686086686086m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 697906697906m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 686086686086m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 697906697906m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 686086686086m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 686086686086m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 686086686086m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.