Consumer price indices - inflation - April 2014
Year-on-year inflation only 0.1%
Consumer prices in April remained unchanged compared with March (monthly change 0.0%). This development was influenced by a price rise in 'clothing and footwear', which was offset by a price reduction in 'food and non-alcoholic beverages' and 'alcoholic beverages and tobacco'. The year-on-year growth of consumer prices slowed down to 0.1% in April (0.2% in March).
The month-on-month increase in 'clothing and footwear' came mainly from the seasonal rise in prices of clothing by 3.8% and footwear by 8.5%. In health, amounts paid by patients for pharmaceutical products were 0.7% up and prices of stays at spas by 2.8%. In 'restaurants and hotels', prices of catering services were higher by 0.2% and prices of accommodation services by 1.4%. In 'miscellaneous goods and services', prices of articles for personal hygiene rose by 1.1%.
A contrary effect on the overall consumer price level in April owed to a drop in prices in 'food and non-alcoholic beverages' due to the reduction in prices of many kind of food. Prices of vegetables were mainly lower (-3.0%) in comparison with March as well as prices of fruit, (-0.9%), rolls and baguettes (-1.1%), eggs (-4.6%), butter (-2.1%), sugar (-3.8%), chocolate and chocolate-based products (-2.3%), non-chocolate confectionery (-4.5%) and non-alcoholic beverages (-2.2%). Prices of bread were higher by 0.8% compared with March, durable pastry by 1.1%, canned meat by 4.0%, soups and sauces by 3.2%, salt and spice by 3.4%. In 'alcoholic beverages and tobacco', the drop in prices was influenced by lower prices of spirits (-3.5%), wine (-1.1%) and beer (-1.6%).
Prices of goods in total dropped (-0.2%), while prices of services went up by 0.2%.
In terms of the year-on-year comparison, in April, the increase in consumer prices was 0.1%, i.e. 0.1 percentage point down on March. A slowdown in the price growth was shown primarily in 'alcoholic beverages and tobacco', due mainly to prices of spirits, which decreased by 2.7%, y-o-y, (a rise 5.9% in March). A deceleration in the price growth occurred also in 'food and non-alcoholic beverages', where the increase in prices of pasta, rice, butter, potatoes and non-chocolate confectionery slowed down.
The biggest upward effect on the y-o-y consumer price level came, as before, from prices in 'food and non-alcoholic beverages', despite a slowdown in their growth. Prices of meat rose by 3.4%, milk by 13.9%, cheese by 12.3%, yoghurts by 20.6%, other milk products by 8.8%, butter by 9.8%, fruit by 6.0%, potatoes by 7.3%. On the other hand, prices of rolls and baguettes dropped by 3.1%, flour by 2.8%, eggs by 11.4%, sugar by 4.8%, chocolate and chocolate-based products by 2.0%, non-alcoholic beverages by 2.6%.
The reduction of the y-o-y price growth came from prices in 'housing, water, electricity, gas and other fuels' due to a drop in prices of electricity and natural gas (-10.5% and -9.1%, respectively). Prices of the net actual rentals went up by 1.1%, water supply by 3.4%, sewage collection by 3.2%, heat and hot water by 0.2%. In 'communication', prices of telephone and telefax services and prices of mobile phones were lower (-7.9% and -14.8%, respectively). In 'furnishings, household equipment and routine household maintenance', the price decrease was influenced primarily by lower prices of household appliances (-3.0%).
Prices of goods in total went down (-0.2%), prices of services rose by 0.5%. The overall consumer price index excluding imputed rentals was 100.0%, year-on-year.
Inflation rate, i.e. the increase in the average consumer price index in the twelve months to April 2014 compared with the average CPI in the previous twelve months, stood at 0.9% in April.
According to preliminary data of Eurostat, the year-on-year increase in the average harmonized index of consumer prices (HICP) 1) in the EU28 member states was 0.6% in March, i.e . 0.2 percentage point down on February. Prices grew the most in the United Kingdom (1.6%). On the other hand, a year-on-year price decrease occurred in eight EU countries, of which the most in Bulgaria (-2.0%) and Greece (-1.5%). In Slovakia, prices went down (-0.2%) in March. In Germany, the price rise slowed down to 0.9% in March (1.0% in February). According to preliminary calculations, the HICP in the Czech Republic in April 2014 remained unchanged, month-on-month, and was higher by 0.2% (0.3% in March), year-on-year. The MUICP (Monetary Union Index of Consumer Prices) flash estimate for the Eurozone in April 2014 amounted to 0.7%, y-o-y, as Eurostat announced (more information on the Eurostat’s web pages: HICP).
* * *
Starting from January 2014, the consumer price indices are calculated with updated weights, which are derived from the household expenditures in 2012. The new calculated indices are chained at all levels of the consumer basket with the original base period 2005 = 100. Thereby, a continuation of the existing index time series 2005 = 100, from which indices to other bases are derived (previous month = 100, corresponding period of last year = 100 and annual rolling average, i.e. the average of index numbers over the last 12 months to the average for the previous 12 months) is ensured.
A new consumer basket is available on the CZSO web pages: consumer basket
______________________________________
1) So far, imputed rentals have been excluded from the HICP.
Notes:
Responsible manager of the CZSO: Jiri Mrazek, Department Director, email: jiri.mrazek@czso.cz
Contact: Pavla Sediva, phone (+420) 274052138, email: pavla.sediva@czso.cz
Method of data collection: 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: 012018-14 Consumer Price Indices – Basic Breakdown (periodicity: monthly) and 012019-14 Consumer Price Indices – Detailed Breakdown (periodicity: annually)
Related documents available on the CZSO website: 012023-14 Consumer Price Indices – Detailed Breakdown (periodicity: monthly)
/csu/czso/2-ep-7
Next News Release: 9 June 2014
Not edited for language.
Attachments
- year 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
- year 2021 | December 2021 | November 2021 | October 2021 | September 2021 | August 2021 | July 2021 | June 2021 | May 2021 | April 2021 | March 2021 | February 2021 | January 2021
- year 2020 | December 2020 | November 2020 | October 2020 | September 2020 | August 2020 | July 2020 | June 2020 | May 2020 | April 2020 | March 2020 | February 2020 | January 2020
- year 2019 | December 2019 | November 2019 | October 2019 | September 2019 | August 2019 | July 2019 | June 2019 | May 2019 | April 2019 | March 2019 | February 2019 | January 2019
- year 2018 | December 2018 | November 2018 | October 2018 | September 2018 | August 2018 | July 2018 | June 2018 | May 2018 | April 2018 | March 2018 | February 2018 | January 2018
- year 2017 | December 2017 | November 2017 | October 2017 | September 2017 | August 2017 | July 2017 | June 2017 | May 2017 | April 2017 | March 2017 | February 2017 | January 2017
- year 2016 | December 2016 | November 2016 | October 2016 | September 2016 | August 2016 | July 2016 | June 2016 | May 2016 | April 2016 | March 2016 | February 2016 | January 2016
- year 2015 | December 2015 | November 2015 | October 2015 | September 2015 | August 2015 | July 2015 | June 2015 | May 2015 | April 2015 | March 2015 | February 2015 | January 2015
- year 2014 | December 2014 | November 2014 | October 2014 | September 2014 | August 2014 | July 2014 | June 2014 | May 2014 | April 2014 | March 2014 | February 2014 | January 2014
- year 2013 | December 2013 | November 2013 | October 2013 | September 2013 | August 2013 | July 2013 | June 2013 | May 2013 | April 2013 | March 2013 | February 2013 | January 2013
- year 2012 | December 2012 | November 2012 | October 2012 | September 2012 | August 2012 | July 2012 | June 2012 | May 2012 | April 2012 | March 2012 | February 2012 | January 2012
- year 2011 | December 2011 | November 2011 | October 2011 | September 2011 | August 2011 | July 2011 | June 2011 | May 2011 | April 2011 | March 2011 | February 2011 | January 2011
- year 2010 | December 2010 | November 2010 | October 2010 | September 2010 | August 2010 | July 2010 | June 2010 | May 2010 | April 2010 | March 2010 | February 2010 | January 2010
Published: 12.05.2014
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