Consumer price indices - inflation - April 2022
Year-on-year price growth accelerated for the tenth consecutive month
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.
Month-on-month comparison
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%.
“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 again 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%. Next in order of influence were prices in 'transport', where prices of motor cars were higher by 13.8% and fuels and lubricants for personal transport equipment by 41.5%. In 'food and non-alcoholic beverages', prices of bread were higher by 20.3%, year-on-year, butter by 31.6% and potatoes by 19.2%. Prices of garments increased by 21.4% and shoes and other footwear by 15.2%.
Prices of goods in total and services went up (15.3% and 12.1%, respectively).
Inflation rate, i.e. the increase in the average consumer price index in the twelve months to April 2022 compared with the average CPI in the previous twelve months, amounted to 7.0% (6.1% in March).
According to preliminary calculations, the HICP in Czechia in April went up by 1.8%, month-on-month and 13.2%, year-on-year. According to flash estimates of Eurostat, the MUICP (Monetary Union Index of Consumer Prices) in April 2022 amounted to 7.5% year-on-year (7.4% in March), 10.9% in Slovakia and 7.8% in Germany. According to preliminary data of Eurostat, the year-on-year change in the average harmonized index of consumer prices (HICP) in the EU27 member states amounted to 7.8% in March (1.6 percentage points up on February). The rise in prices in March was the highest in Lithuania (15.6%) and the lowest in Malta (4.5%).
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1) Acceleration/slowdown of the year-on-year price index growth is difference between current and previous year-on-year index. It therefore depends on the change of current month-on-month index and also on the change of base – month-on-month index (growth/decrease) in the same month of the last year.
2) Imputed rentals are excluded from the HICP.
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Notes:
Responsible manager of the CZSO: Jiri Mrazek, Director of Price Statistics Department, phone (+420) 274052533, email: jiri.mrazek@czso.cz
Contact: Pavla Sediva, Head of the Consumer Price Statistics Unit, phone (+420) 274052138, email: pavla.sediva@czso.cz
Data source: Direct field survey of prices, centrally surveyed prices and reporting
End of data collection: 20th day of the reference month / End of data processing: 3rd day of the month that follows the reference month
Related publications: 012018-22 Consumer Price Indices – Basic Breakdown (periodicity: monthly), 012023-22 Consumer price Indices – Detailed Breakdown (periodicity: monthly) and 012019-22 Consumer Price Indices – Detailed Breakdown (periodicity: annually)
Internet: https://www.czso.cz/csu/czso/inflation-consumer-prices
Next News Release: 10 June 2022
Text not edited for language
Attachments
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Annexes:
- year 2024 | April 2024 | March 2024 | February 2024 | January 2024
- year 2023 | December 2023 | November 2023 | October 2023 | September 2023 | August 2023 | July 2023 | June 2023 | May 2023 | April 2023 | March 2023 | February 2023 | January 2023
- year 2022 | December 2022 | November 2022 | October 2022 | September 2022 | August 2022 | July 2022 | June 2022 | May 2022 | April 2022 | March 2022 | February 2022 | January 2022
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Published: 10.05.2022
The data are valid as of the release date of the publication.
Contact: Information Services Unit - Headquarters, tel.: +420 274 056 789, email: infoservis@czso.cz