(CIANEWS) - In the second quarter of 2022, the Czech economy kept its growth supported mainly by capital expenditures. The Czech Statistical Office (ČSÚ) added that increased prices across the economy accelerated further. GDP grew by 3.7% year on year and 0.5% quarter on quarter. The growth was driven by higher stock and investments. GVA increased by 3.4% year on year. Services, in particular, did well. Consumer prices were 15.8% higher year on year. Prices of food, housing and energy were behind the ongoing acceleration of their dynamic. The dramatic increase in consumer prices caused a solid drop in households’ purchasing power. The average wage in the second quarter grew by 4.4% year on year nominally, but its real decrease totalled 9.8%.