Prague - Annual inflation in the Czech Republic accelerated to 0.4 percent in May from 0.1 percent in April, and month-on-month prices increased by 0.1 percent in May, the Czech Statistical Office (CSU) said today.
Although inflation moderately accelerated in May, it stays near zero despite an economic recovery and interventions by the central bank.
The growth in annual inflation to 0.4 percent in May corresponds to analysts' expectations.
The fastest year-on-year growth was recorded for prices of food and non-alcoholic drinks in May.
But in a month-on-month comparison, prices of some food products decreased. Prices of fruit dropped by 4.6 percent, prices of flour by 1.5 percent and prices of yogurts by 2.4 percent month-on-month in May.
In contrast, prices of beef increased by almost 1 percent and prices of eggs by 2.9 percent, for example, in May compared with April.
A month-on-month growth was also recorded by statisticians for prices of spirits (2.7 percent), beer (2.5 percent) and wine (1.2 percent).
Prices of pharmaceuticals increased by 0.7 percent and prices of fuels by 0.6 percent in May month-on-month.
Compared with May 2013, a growth was recorded above all for prices of food and non-alcoholic drinks.
Prices of bread and cereals rose by 1.3 percent, meat prices by 3.5 percent, fish prices by 4.5 percent and milk prices by 15.2 percent.
Prices of cheeses grew by 10.7 percent year-on-year in May and prices of yogurts were 20.3 percent higher.
In contrast, prices of edible oil dropped by 5.1 percent, prices of fruit by 3.6 percent and vegetable prices by 5.1 percent year-on-year.
Prices on non-alcoholic drinks were 1.9 percent lower compared with May 2013.
In contrast, prices of alcoholic drinks and tobacco increased by 5.9 percent year-on-year mainly as a result of a growth in prices of wine.
Natural gas prices dropped by 3.1 percent year-on-year. Fuel prices rose by 1.9 percent compared with May 2013 after a 0.4 percent annual drop in April.