In December, inflation stood at 2% y / y. It has fallen considerably behind the latest forecast by the CNB, which predicted consumer price growth by 2.5% at the end of the year. Half of inflation is rising housing costs. This is above all the more expensive energy (+5.6%) and rental growth (+3.3%). Growth in food prices has stopped substantially year-on-year. More expensive and will be services that do not respond only to increased bust, such as hotels and re-staging, but they also reflect rising wage costs. In view of the persisting tensions in the labor market, it can be assumed that this pressure will not be allayed even this year.