Higher inflation means more expensive pork, cabbage and dumplings
Consumer prices rose by 0.7% in May compared to April according to the latest figures from the Czech Statistical office. The annual rate is now 2.9% up 0.1 from April. Increases were particularly noticeable in vegetables, fruit and alcoholic beverages. There were also spikes in the cost of apartment rents and electricity. Photo credit: Pixabay.
Food and Drink
Brno, Jun 14 (BD) – Vegetable prices by 6.2% in the month, with potatoes increasing over 11%; fruit rose by 7% and meat by 2.4%. Rises were also seen in the prices of spirits (+4.6%) and beer (+3.9%). Although some of the changes can be seen as seasonal reactions to April’s figures, the year on year (YOY) figure of +2.9% (+0.1 on April’s rate) indicates an upward trend. Potatoes are now 88.4% more expensive than a year ago, meat +2.2%, alcoholic beverages and tobacco +2.8%.
A Bloomberg analysis of the cost of the classic pork, cabbage and dumpling dish shows that the cost has risen from 110 crowns to over 130 in the last 3 years.
The rate of increase in transport costs fell YOY to 3.1% (4.7%) mainly due to fluctuations in fuel prices. Apartment rents increased by 3.3% on the year before and electricity by 12.5%.
In the other direction, there were actual falls in the cost of clothing YOY (-3.1%) and communications (-1.3%)
The latest EU average for April was an annual increase of 1.9%; this compares with 2.4% for the Czech Republic.
Get the news first! Subscribe to our daily newsletter here. Top stories of the day in your mailbox every morning.https://www.brnodaily.com/2019/06/14/news/business/higher-inflation-means-more-expensive-pork-cabbage-and-dumplings/https://www.brnodaily.com/wp-content/uploads/2019/06/pork-cabbage-and-dumplings-pixabay-1024x682.jpghttps://www.brnodaily.com/wp-content/uploads/2019/06/pork-cabbage-and-dumplings-pixabay-150x100.jpgBusinessBusiness,Czech Republic,Economy,Food,Prices,South MoraviaConsumer prices rose by 0.7% in May compared to April according to the latest figures from the Czech Statistical office. The annual rate is now 2.9% up 0.1 from April. Increases were particularly noticeable in vegetables, fruit and alcoholic beverages. There were also spikes in the cost of apartment...Charles du ParcCharles du Parcchaduparc@gmail.comAuthorCharles du Parc comes originally from London and worked there in fashion retailing for several years. Before coming to the Czech Republic in 2005, he ran his own delicatessen and café in a small town on the south coast of England. He has also served as a judge for the World Cheese Awards. Having fallen in love with Brno,he now regards it as home and works there as a freelance teacher, writer and translator.Brno Daily