Consumer price indices - inflation - March 2017
Month-on-month consumer price level remained unchanged
The month-on-month rise in consumer prices in 'alcoholic beverages and tobacco' came from the increase in prices of beer by 2.9% and tobacco products by 0.5%. In 'furnishings, household equipment and routine household maintenance', prices of goods and services for routine household maintenance rose by 2.1% in particular. In 'clothing and footwear', the growth of prices was influenced by higher prices of garments by 0.9% and shoes and other footwear by 1.1%. In 'food and non-alcoholic beverages', fruit prices were mainly higher by 4.1%, bread and cereals by 1.1%, meat by 0.7%, cheese by 1.4%, yoghurts by 4.0%, butter by 2.9%, non‑alcoholic beverages by 2.2%.
A drop in the price level came primarily from a price decrease in 'recreation and culture' due to lower prices of package holidays by 6.1% in March. In 'food and non-alcoholic beverages', a decline of prices was caused primarily by vegetable prices, which were lower by 10.7%, of which prices of vegetables cultivated for their fruit by 18.4%. In 'miscellaneous goods and services', prices of personal care went down by 0.8%. The price development in 'transport' was influenced by prices of automotive fuel, which declined by 0.6% in March after six months of growth.
Prices of goods in total went up by 0.1%, while prices of services decreased by 0.2%.
In terms of the year-on-year comparison, in March, the consumer prices increased by 2.6%, i.e. 0.1 percentage point up on February. This development was caused especially by a slowdown in the price drop in 'furnishings, household equipment and routine household maintenance'. Prices of household appliances went down by 1.2% in March (-1.5% in February) and prices of goods and services for routine household maintenance by 1.3% (-5.8% in February).
The biggest influence on the growth of the y-o-y price level in March came again from prices in 'food and non-alcoholic beverages'. Prices of rolls and baguettes went up by 9.0% in March, eggs by 18.9%, cheese by 16.4%, butter by 21.7%, sugar by 25.5%. Next in order of influence were prices in 'transport', where prices of automotive fuel rose by 16.8%. In 'alcoholic beverages and tobacco', prices of spirits increased by 3.8% and prices of tobacco products by 4.9%. The rise in the price level came also from prices in 'housing, water, electricity, gas and other fuels', where prices of the net actual rentals rose by 2.5%, water supply by 2.2%, sewage collection by 2.4%, electricity by 0.3%, solid fuels by 5.3%. In 'restaurants and hotels', prices of catering services went up by 6.0% and prices of accommodation services by 1.5%. In 'miscellaneous goods and services', prices of insurance were higher by 3.6%.
A reduction in the price level came from the price decrease in 'furnishings, household equipment and routine household maintenance' (-0.3%). In 'housing, water, electricity, gas and other fuels', prices of natural gas and prices of heat and hot water went down (-7.1% and -0.7%, respectively).
Prices of goods in total went up by 2.5% and prices of services by 2.7%. The overall consumer price index excluding imputed rentals was 102.5%, year-on-year.
Inflation rate, i.e. the increase in the average consumer price index in the twelve months to March 2017 compared with the average CPI in the previous twelve months, amounted to 1.2% in March.
According to preliminary data of Eurostat, the year-on-year change in the average harmonized index of consumer prices (HICP)1) in the EU28 member states amounted to 1.9% in February, i.e. 0.2 percentage points more than in January. The rise in prices was the highest in Estonia (3.4%) and Belgium (3.3%) and the lowest in Ireland (0.3%). In Slovakia, the price increase accelerated to 1.3% in February from 0.9% in January. In Germany, prices rose by 2.2% (1.9% in January). According to preliminary calculations, the HICP in the Czech Republic in March amounted to 0.0%, month-on-month, and the year-on-year growth was 2.6% (the same as in February). The MUICP (Monetary Union Index of Consumer Prices) flash estimate for the Eurozone in March 2017 was 1.5%, y-o-y, as Eurostat announced (more information on the Eurostat’s web pages: HICP.)
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The new index time series with the base year 2015 = 100 has been introduced since January 2017. The indices to other bases are calculated from these time series (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). Indices calculated from existing index time series with the base year 2005 = 100 remain valid. The already published data are not revised. The original time series with base year 2005 = 100 are calculated and published, but other indices using these time series are no longer derived.
1) So far, imputed rentals have been excluded from the HICP.
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: 012018-17 Consumer Price Indices – Basic Breakdown (periodicity: monthly)
and 012019-17 Consumer Price Indices – Detailed Breakdown (periodicity: annually)
Related documents available on the CZSO website: 012023-17 Consumer Price Indices – Detailed Breakdown (periodicity: monthly)
https://www.czso.cz/csu/czso/inflation-consumer-prices
Next News Release: 10 May 2017
Not edited for language
Related analysis: Analysis - Consumer price indices - 1st quarter of 2017
Attachments
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Annexes:
- year 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
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- 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
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- 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: 10.04.2017
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