{"id":290907,"date":"2023-11-17T14:56:17","date_gmt":"2023-11-17T13:56:17","guid":{"rendered":"https:\/\/zakrasnejsivimperk.cz\/?p=290907"},"modified":"2023-11-17T14:56:17","modified_gmt":"2023-11-17T13:56:17","slug":"vladimir-pikora-elektrina-vyrazne-zvysila-inflaci","status":"publish","type":"post","link":"https:\/\/zakrasnejsivimperk.cz\/?p=290907","title":{"rendered":"VLADIM\u00cdR PIKORA: Elekt\u0159ina v\u00fdrazn\u011b zv\u00fd\u0161ila inflaci"},"content":{"rendered":"<h4><a href=\"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2023\/03\/07\/vladimir-pikora-x.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-274601\" src=\"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2023\/03\/07\/vladimir-pikora-x-292x300.jpg\" alt=\"\" width=\"100\" height=\"103\" srcset=\"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2023\/03\/07\/vladimir-pikora-x-292x300.jpg 292w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2023\/03\/07\/vladimir-pikora-x-998x1024.jpg 998w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2023\/03\/07\/vladimir-pikora-x-768x788.jpg 768w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2023\/03\/07\/vladimir-pikora-x-348x357.jpg 348w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2023\/03\/07\/vladimir-pikora-x-471x483.jpg 471w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2023\/03\/07\/vladimir-pikora-x.jpg 1072w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/><\/a><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-177056\" src=\"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2019\/11\/16\/protext-logo.png\" alt=\"\" width=\"100\" height=\"100\" srcset=\"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2019\/11\/16\/protext-logo.png 240w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2019\/11\/16\/protext-logo-150x150.png 150w, https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2019\/11\/16\/protext-logo-210x210.png 210w\" sizes=\"(max-width: 100px) 100vw, 100px\" \/>Praha 10. listopadu 2023 (PROTEXT) &#8211; Elekt\u0159ina v\u00fdrazn\u011b zv\u00fd\u0161ila inflaci. I tak m\u016f\u017ee ale centr\u00e1ln\u00ed banka sn\u00ed\u017eit \u00farokov\u00e9 sazby, a tedy zlevnit hypot\u00e9ky<\/h4>\n<p>V\u0161ichni ekonomov\u00e9 \u010dekali na dne\u0161n\u00ed den, aby se dozv\u011bd\u011bli, jak dopadne inflace. P\u0159ed inflac\u00ed byl toti\u017e \u0161pek. Vloni v \u0159\u00edjnu byl zaveden\u00fd \u00fasporn\u00fd tarif na elekt\u0159inu, kter\u00fd \u201efale\u0161n\u011b\u201c sn\u00ed\u017eil ceny elekt\u0159iny. T\u00edm se sn\u00ed\u017eila srovn\u00e1vac\u00ed z\u00e1kladna. Nicm\u00e9n\u011b letos \u017e\u00e1dn\u00fd tarif nen\u00ed, a tak mus\u00edme sou\u010dasn\u00e9 ceny bez \u201eslevy\u201c srovn\u00e1vat s lo\u0148sk\u00fdmi cenami, kde sleva nen\u00ed. A to je ta nezn\u00e1m\u00e1, o kter\u00e9 jsme v\u011bd\u011bli, \u017ee ovlivn\u00ed inflaci, ale nev\u011bd\u011bli jsme o kolik. Nakonec ceny meziro\u010dn\u011b rostly o 8,5 %, co\u017e je o 1,6 bodu v\u00edce ne\u017e v z\u00e1\u0159\u00ed.<\/p>\n<p>Mysl\u00edm si, \u017ee nakonec tento v\u00fdsledek nikoho moc nep\u0159ekvapil. N\u011bco takov\u00e9ho bylo p\u0159edv\u00eddateln\u00e9. Nicm\u00e9n\u011b zv\u00fd\u0161en\u00edm inflace byl naru\u0161en mnoham\u011bs\u00ed\u010dn\u00ed desinfla\u010dn\u00ed trend. N\u011bkdo by si mohl myslet, \u017ee t\u00edmto pokles inflace kon\u010d\u00ed. Nekon\u010d\u00ed! Jen bude m\u00edt t\u0159\u00edm\u011bs\u00ed\u010dn\u00ed p\u0159est\u00e1vku. K v\u00fdrazn\u00e9mu poklesu inflace dojde v lednu.<\/p>\n<p>Je\u0161t\u011b ned\u00e1vno bych \u0159ekl, \u017ee to bude dramatick\u00fd pokles. Jen\u017ee do hry ne\u010dekan\u011b vstoupil Energetick\u00fd regula\u010dn\u00ed \u00fa\u0159ad, kter\u00fd zv\u00fd\u0161il regulovanou slo\u017eku elekt\u0159iny. V\u00fdsledkem bude, \u017ee ceny elekt\u0159iny v\u0161em vzrostou. N\u011bkomu o p\u00e1r procent, n\u011bkomu v\u0161ak o des\u00edtky procent. A to bude velk\u00e1 nezn\u00e1m\u00e1. Lednov\u00fd pokles cen proto nebude tak prudk\u00fd, jak se p\u016fvodn\u011b \u010dekalo.<\/p>\n<p>To, \u017ee jsme na desinfla\u010dn\u00ed vln\u011b ukazuje fakt, \u017ee kdyby nebyl do inflace zapo\u010d\u00edt\u00e1m efekt \u00fasporn\u00e9ho tarifu, inflace by \u010dinila jen 5,8 %. Podle m\u011b tedy nen\u00ed nutn\u00e9 vn\u00edmat dne\u0161n\u00ed data negativn\u011b.<\/p>\n<p>\u0160patn\u00e9 je, \u017ee kdy\u017e porovn\u00e1me na\u0161i inflaci s evropskou, tak jsme st\u00e1le vysoko. Kdy\u017e pou\u017eijeme Harmonizovan\u00e9ho indexu spot\u0159ebitelsk\u00fdch cen 27 \u010dlensk\u00fdch zem\u00ed EU, tak vid\u00edme, \u017ee na\u0161e inflace touto optikou vypad\u00e1 je\u0161t\u011b h\u016f\u0159e ne\u017e \u010deskou metodikou. Kde \u010din\u00ed 9,5 %, zat\u00edmco evropsk\u00e1 jen 4,9 %. Jsme tedy skoro na dvojn\u00e1sobku. Tady se fakt m\u00e1me za co styd\u011bt. Krom\u011b jin\u00e9ho se zde tak\u00e9 projevuje, \u017ee \u010ce\u0161i nereaguj\u00ed na n\u00e1r\u016fst cen. I proto je v \u010cR Nutella dra\u017e\u0161\u00ed ne\u017e v N\u011bmecku, kde maj\u00ed n\u011bkolikan\u00e1sobn\u00e9 platy.<\/p>\n<p>Pro centr\u00e1ln\u00ed banku dne\u0161n\u00ed data moc nem\u011bn\u00ed. Desinfla\u010dn\u00ed trend tu je a k infla\u010dn\u00edmu c\u00edli dosp\u011bjeme. Kdy\u017e ne v prvn\u00ed polovin\u011b roku, tak ve druh\u00e9. Kdybych j\u00e1 byl centr\u00e1ln\u00edm bank\u00e9\u0159em, tak klidn\u011b v prosinci sn\u00ed\u017e\u00edm \u00farokov\u00e9 sazby o \u010dtvrt procentn\u00edho bodu a potom op\u011bt v \u00fanoru. Pokud lednov\u00e1 inflace dopadne dob\u0159e, tak klidn\u011b i o p\u016fl procentn\u00edho bodu.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Vladim\u00edr PIKORA, hlavn\u00ed ekonom skupiny Comfort Finance Group<\/strong><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li><em><strong>Skupina CFG<\/strong>\u00a0funguje na \u010desk\u00e9m finan\u010dn\u00edm trhu p\u0159es 10 let. Poskytuje kvalitn\u00ed servis investor\u016fm, emitent\u016fm, klient\u016fm a partner\u016fm. Konsolidovan\u00fd obrat cel\u00e9 skupiny je 94 mil. K\u010d, m\u00e1 p\u0159es 1 500 investor\u016f a 360 mil. K\u010d aktiv. Provozuje tak\u00e9 port\u00e1l Dluhopisomat.cz nejl\u00e9pe hodnocen\u00fd dluhopisov\u00fd inzertn\u00ed port\u00e1l v \u010cR.<\/em><\/li>\n<\/ul>\n<hr \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Praha 10. <\/p>\n","protected":false},"author":2,"featured_media":291048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[85],"tags":[],"jetpack_featured_media_url":"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2023\/11\/11\/pikora-elektrina.jpg","_links":{"self":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts\/290907"}],"collection":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=290907"}],"version-history":[{"count":2,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts\/290907\/revisions"}],"predecessor-version":[{"id":291047,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts\/290907\/revisions\/291047"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/media\/291048"}],"wp:attachment":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=290907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=290907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=290907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}