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Macro comment

Consumer prices in April: undulating inflation

When rising fuel prices and rising food prices come together, it often results in a significant boost to inflation. That's exactly what happened in April. The Consumer Price Index rose 0.7 percent last month, with year-over-year inflation jumping to 2.9 percent.

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Macro comment

Unemployment in April: Gradual erosion

The labour market is seemingly calm. In reality, the situation is slowly deteriorating, reflecting the lacklustre recovery in the growth of the Czech economy. By the end of April, the share of unemployed in the population had fallen to 3.7 per cent from 3.9 per cent in March. This is, of course, due to the usual spring seasonality.

Macro comment

Retail sales in March: continued growth in household consumption

Retail sales rose for the fourth month in a row in March on a year-on-year basis, in line with the sharp decline in inflation and rising real household incomes.

Macro comment

Industry in March: production drops again

Industrial production in March showed a year-on-year decline again after growth in February. Certain sectors have shown a decline in production for several months in a row, and a decrease was also recorded in the production of automobiles. On a calendar-adjusted basis, industrial production declined by 2.7 per cent year-on-year, while on a calendar- and seasonally-adjusted basis it fell by 1.6 per cent month-on-month.