The Czech Republic has witnessed another wave of food price increases at the start of the year, with significant jumps in the costs of everyday staples. While overall inflation has slightly decreased to 2.8%, consumers are feeling the pinch at grocery store checkouts.
According to the Czech Statistical Office, food prices have risen by nearly five percent compared to last January. The impact is particularly noticeable in dairy products, with butter prices soaring by 40.5% to 61 crowns per package, up from 44 crowns a year ago. Eggs have also seen a substantial increase of 24.6%, while meat prices across all categories have risen by up to 10%.
Agricultural analyst Petr Havel notes that while price increases continue, they’re less dramatic than in previous years. The surge in meat and egg prices is partly attributed to stricter animal welfare regulations, including the phase-out of cage farming.
Not all news is negative for consumers. Potato and sugar prices have dropped by over 20%, with sugar experiencing a current surplus. Looking ahead, vegetable prices are expected to rise until April due to seasonal factors, but overall food inflation is predicted to moderate to around 3% this year, barring any unexpected shocks.
The ripple effects extend beyond groceries, with restaurant prices climbing 5.2% year-over-year. The cost increases have also affected cigarettes and alcohol, partly due to regular adjustments in excise tax rates.