Consumer price indices - inflation - November 2018
Food prices went down
The month-on-month decrease in 'food and non-alcoholic beverages' came primarily from lower prices of fruit and vegetables (-6.3% and -4.2%, respectively). Prices of oils and fats also went down by 4.2%, pork by 2.9%, sugar by 8.8% and non-alcoholic beverages by 0.8%. In 'recreation and culture', prices of package holidays dropped by 1.2%. The decline in prices in 'furnishings, household equipment and routine household maintenance' influenced especially lower prices of goods and services for routine household maintenance (-1.8%).
The increase in the overall consumer price level in November came mainly from higher prices in 'housing, water, electricity, gas and other fuels' due to a rise in prices of heat and hot water by 1.0% and natural gas by 0.2%. In 'clothing and footwear', prices of shoes and other footwear went up by 2.8%. The growth of prices in 'hotels and restaurants' was due primarily to higher prices of catering services by 0.5%. In food, prices of poultry and UHT semi skimmed milk rose (2.5% and 4.6%, respectively).
Prices of goods in total went down by 0.4%, while prices of services increased by 0.2%.
In terms of the year-on-year comparison, in November, the consumer prices rose by 2.0%, i.e. 0.2 percentage points down on October. The deceleration in the year-on-year rise occurred primarily in 'food and non-alcoholic beverages', where the price drop of many kinds of food deepened. Prices of eggs deepened their fall to -26.1% (-0.5% in October). It was also partly due to their significant month-on-month increase in November 2017. Prices of bread and cereals were lower by 1.7% (0.9% in October), pork by 2.7% (1.2% in October), oils and fats by 1.8% (1.4% in October), fruit by 9.4% (4.1% in October).
A reduction in the price level in November came from prices in 'food and non-alcoholic beverages', where prices of sugar fell by 33.3%. In 'clothing and footwear', prices of garments were lower by 2.5%. In 'housing, water, electricity, gas and other fuels', prices of natural gas decreased by 0.5%.
Prices of goods in total and services went up (1.2% and 3.3%, respectively). The overall consumer price index excluding imputed rentals for housing was 101.6%, year-on-year.
Inflation rate, i.e. the increase in the average consumer price index in the twelve months to November 2018 compared with the average CPI in the previous twelve months, amounted to 2.2% in November.
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1) Imputed rentals are excluded from the HICP.
Notes:
Responsible manager of the CZSO: Jiri Mrazek, Director of Price Statistics Department, 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: 012018-18 Consumer Price Indices – Basic Breakdown (periodicity: monthly), 012023-18 Consumer price Indices – Detailed Breakdown (periodicity: monthly) and 012019-18 Consumer Price Indices – Detailed Breakdown (periodicity: annually)
Internet: https://www.czso.cz/csu/czso/inflation-consumer-prices
Next News Release: 10 January 2019
Text not edited for language
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Published: 10.12.2018
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