Inflation in the Czech Republic accelerated to 16%, in euro area to 8.1%

Published: 13.06.2022 Related countries:  New Zealand New Zealand, Australia Australia

The year-on-year growth was boosted mainly by expenditures on final household consumption and gross capital formation

Consumer prices increased by 1.8% m/m in the Czech Republic in May 2022. Year-on-year, they rose by 16.0%, up 1.8ppt from April. This is evidenced by data from the Czech Statistical Office. In the housing division, prices of natural gas rose mainly by 49.2% (44.2% in April) and solid fuels by 30.1% (24.1%). In the catering and accommodation division, prices of food services and accommodation services increased by 22.8% (19.5%) and 18.1% (14.4%), respectively. According to Eurostat flash estimates, the annual change in the HICP in May 2022 was 8.1% for the euro area (7.4% in April), 11.8% in Slovakia and 8.7% in Germany.

Source: Daily news | ČIA news
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