Several perspectives on the different development of goods and services prices

The analysis examines inflation in two important categories of consumer basket items – services and goods. After the pandemic period, when prices of services increased more slowly than prices of goods, the gap between their growth rates is returning to its long-term positive average, which is in line with the historical norm. Prices of most services are currently rising. Overall, they were dampened by the high-weight imputed rent. Services prices thus pose a moderate medium-term risk due to a recovery in the property market. Published as part of Monetary Policy Report – Spring 2024. Authors: Jan Šolc, Natálie Tomanová