Inflation slows to 12.7% thanks to food and housing

(CIANEWS) - Consumer prices in the country rose 12.7% y/y in April 2023, down 2.3pp from March. This was reported by the Czech Statistical Office, adding that the slowdown in growth was mainly driven by prices in the food and non-alcoholic beverages and housing sections. Prices of goods and services rose by 14.5% and 10.1%, respectively. The inflation rate, expressed as the increase in the average index over the last 12 months compared with the average of the previous 12 months, reached 16.2% (16.4% in March). On a month-on-month basis, prices fell by 0.2%. Prices of goods fell by 0.3% and prices of services rose by 0.1%. The Harmonised Index of Consumer Prices (HICP), according to preliminary calculations, fell by 0.1% m/m and rose by 14.3% y/y (16.5% in March). The y/y change in the EU27 HICP, according to Eurostat data, was 8.3% in March, 1.6 pp lower than in February.



Register newsletter

Get to know about Nordic Chamber, our press releases and all news, straight to your inbox.