Housing dominated year-on-year price growth

Published: 13.09.2018 Related countries:  U.S.A. U.S.A.

Consumer prices in August increased by 0.1% compared with July. The year-on-year growth of consumer prices accelerated to 2.5% in August, which was 0.2 percentage points up on July.

Czech Statistical Office: The month-on-month increase in 'housing, water, electricity, gas and other fuels' came from higher prices of electricity by 0.5%, actual rentals for housing by 0.4% and heat and hot water by 0.4%.

In terms of the year-on-year comparison, in August, the consumer prices increased by 2.5%, i.e. 0.2 percentage points up on July. The acceleration in the year-on-year growth in 'housing, water, electricity, gas and other fuels' was influenced in August by higher actual rentals for housing by 3.5% (3.2% in July), electricity by 5.6% (5.1% in July), solid fuels by 4.3% (3.9% in July) and heat and hot water prices, which turned from a price decline by 0.2% in July into a price rise by 0.1% in August.

Published by the team of CzechTrade foreign office in Chicago.

Source: https://www.czso.cz/csu/czso/ari/consumer-price-indices-inflation-august-2018