Current Economic Trends
Current Economic Trends from 29 April to 3 May 2019: prices
Price growth has strengthened in recent months, but remains below 2%.
Year-on-year price growth, which declined notably at the end of last and the beginning of this year, is strengthening again, reaching 1.7% in April. Amid rising household consumption, prices of services have started to increase more rapidly again, accounting for more than two thirds of total price growth. This is mainly due to higher prices of holiday packages, but also housing-related services. Among energy prices, particularly heat energy prices are rising at a rapid pace, being almost one fifth higher year on year. Prices of non-energy industrial goods have remained unchanged year on year, while the year-on-year fall in car prices, which have a significant impact on prices in this group, continues to ease off gradually.