{"id":299237,"date":"2024-02-28T20:25:55","date_gmt":"2024-02-28T19:25:55","guid":{"rendered":"https:\/\/zakrasnejsivimperk.cz\/?p=299237"},"modified":"2024-02-29T20:23:42","modified_gmt":"2024-02-29T19:23:42","slug":"vladimir-pikora-sedlaci-jsou-nastvani-a-lide-se-zacinaji-bat-deflace","status":"publish","type":"post","link":"https:\/\/zakrasnejsivimperk.cz\/?p=299237","title":{"rendered":"VLADIM\u00cdR PIKORA: Sedl\u00e1ci jsou na\u0161tvan\u00ed a lid\u00e9 se za\u010d\u00ednaj\u00ed b\u00e1t deflace"},"content":{"rendered":"<h2><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=\"140\" height=\"144\" 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: 140px) 100vw, 140px\" \/><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=\"160\" height=\"160\" 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: 160px) 100vw, 160px\" \/>Praha 28. \u00fanora 2024 (PROTEXT) &#8211; \u010cesk\u00fd statistick\u00fd \u00fa\u0159ad dnes zve\u0159ejnil nov\u00e1 data o v\u00fdvoji cen v jednotliv\u00fdch segmentech ekonomiky.<\/h2>\n<h6>Ceny zem\u011bd\u011blc\u016f klesaj\u00ed<\/h6>\n<p>Po posledn\u00edch protestech zem\u011bd\u011blc\u016f je zaj\u00edmav\u00fd zejm\u00e9na v\u00fdvoj cen zem\u011bd\u011blsk\u00fdch v\u00fdrobc\u016f. Tady ceny mezim\u011bs\u00ed\u010dn\u011b vzrostly o 0,7 %, nicm\u00e9n\u011b meziro\u010dn\u011b klesly o neuv\u011b\u0159iteln\u00fdch 19,8 %. To je dev\u00e1t\u00fd pokles cen v \u0159ad\u011b.<\/p>\n<p>To vysv\u011btluje na\u0161tvanost sedl\u00e1k\u016f. V rostlinn\u00e9 v\u00fdrob\u011b toti\u017e ceny klesly o 25,3 %. Ni\u017e\u0161\u00ed byly ceny olejnin o 27,7 % a obilovin o 36,5 %. Ch\u00e1pu, \u017ee si to mnoz\u00ed vysv\u011btluj\u00ed p\u0159\u00edlivem ukrajinsk\u00fdch komodit. Na trhu je evidentn\u011b p\u0159ebytek nab\u00eddky nad popt\u00e1vkou. Toto bude muset \u0159e\u0161it cel\u00e1 EU, proto\u017ee je to probl\u00e9m cel\u00e9 Evropy. \u010cesk\u00e9 \u0159e\u0161en\u00ed bude nedostate\u010dn\u00e9, a\u0165 bude jak\u00e9koli.<\/p>\n<p>P\u0159ekvapiv\u011b na pultech zlevnily v lednu potraviny jen o necel\u00e1 4 %. To je m\u00e1lo. Je mo\u017en\u00e9, \u017ee maj\u00ed obchodn\u00edci dlouhodob\u011b nasmlouvan\u00e9 ceny, ale kdyby byl trh pru\u017en\u00fd, m\u011bly by potraviny na pultech zlevnit mnohem v\u00edce. Maloobchod by m\u011bl b\u00fdt f\u00e9rov\u011bj\u0161\u00ed. Data signalizuj\u00ed nehor\u00e1zn\u00e9 mar\u017ee.<\/p>\n<h6>Ceny pr\u016fmysln\u00edk\u016f mus\u00ed klesnout, jinak jsme nekonkuren\u010dn\u00ed<\/h6>\n<p>Ceny pr\u016fmyslov\u00fdch v\u00fdrobc\u016f se mezim\u011bs\u00ed\u010dn\u011b zv\u00fd\u0161ily o 2,5 %, meziro\u010dn\u011b byly ale ni\u017e\u0161\u00ed o 1,8 %. To je prvn\u00ed pokles od listopadu 2020. To znamen\u00e1, \u017ee se vrac\u00edme tam, kde jsme byli p\u0159ed v\u00e1lkou na Ukrajin\u011b. P\u0159i pohledu na jednotliv\u00e9 polo\u017eky m\u011b zaujal meziro\u010dn\u00ed pokles cen z\u00e1kladn\u00edch kov\u016f o 12,3 %, potravin\u00e1\u0159sk\u00fdch v\u00fdrobk\u016f o 5,3 %, ropy a zemn\u00edho plynu o 19,5 %.<\/p>\n<p>To je prost\u011b velk\u00fd pokles. Lze proto ch\u00e1pat, \u017ee se \u0159ada lid\u00ed za\u010d\u00edn\u00e1 b\u00e1t deflace. V\u00fdvoj cen v\u00fdrobc\u016f je jasn\u00fdm argumentem pro v\u00fdrazn\u00fd pokles \u00farokov\u00fdch sazeb \u010cNB. Obvykle toti\u017e plat\u00ed, \u017ee ceny v\u00fdrobc\u016f p\u0159edch\u00e1zej\u00ed ceny, kter\u00e9 vid\u00edme na pultech obchod\u016f. To znamen\u00e1, \u017ee touto logikou by po poklesu cen v\u00fdrobc\u016f m\u011bly klesnout i ceny spot\u0159ebitelsk\u00e9. To je n\u011bco, co se nebude centr\u00e1ln\u00ed bance l\u00edbit.<\/p>\n<p>Deflace je mnoh\u00fdmi ekonomy pova\u017eov\u00e1na za hor\u0161\u00ed ne\u017e inflace, proto\u017ee se \u0161patn\u011b l\u00e9\u010di. P\u0159edpokl\u00e1d\u00e1m, \u017ee \u010cNB bude proto nejen sni\u017eovat \u00farokov\u00e9 sazby, ale i br\u00e1nit korun\u011b ve v\u011bt\u0161\u00edm oslaben\u00ed. Nedivil bych se, kdyby p\u0159i\u0161ly \u010dasem intervence.<\/p>\n<p>Mnoh\u00e9 \u010desk\u00e9 ceny mus\u00ed klesnout, jinak jsme nekonkuren\u010dn\u00ed. To se projevuje i v cen\u00e1ch spot\u0159ebitelsk\u00fdch. Pr\u00e1v\u011b jsem se vr\u00e1til z N\u011bmecka a vid\u011bl, \u017ee ceny espressa v mal\u00fdch m\u011bstech jsou podstatn\u011b ni\u017e\u0161\u00ed ne\u017e v Praze. N\u011bco je \u0161patn\u011b.<\/p>\n<p>Probl\u00e9m je zaj\u00edmav\u00fd i z celoevropsk\u00e9ho pohledu. Ceny v pr\u016fmyslu klesaj\u00ed tak moc, \u017ee se nesta\u010d\u00edme divit. V prosinci se ceny v EU meziro\u010dn\u011b sn\u00ed\u017eily o 10,0 %. Ceny klesly nejv\u00edce v Irsku a to o 43,5 %, v It\u00e1lii o 20,5 %. Evropsk\u00e1 centr\u00e1ln\u00ed banka na to ov\u0161em zat\u00edm v\u016fbec nereaguje. To nen\u00ed norm\u00e1ln\u00ed. Ekonomick\u00e1 teorie trp\u00ed. Toto je ohromn\u00fd alarm.<\/p>\n<h6>Ceny stava\u0159\u016f<\/h6>\n<p>Krom\u011b dat cen ze zem\u011bd\u011blstv\u00ed a pr\u016fmyslu jsme se dozv\u011bd\u011bli i to, \u017ee ceny stavebn\u00edch prac\u00ed se mezim\u011bs\u00ed\u010dn\u011b nezm\u011bnily a meziro\u010dn\u011b byly vy\u0161\u0161\u00ed o 2,0 %. To je nep\u0159\u00edjemn\u00e9. Nen\u00ed tady prostor k v\u011bt\u0161\u00edmu zlevn\u011bn\u00ed novostaveb. Bydlen\u00ed proto z\u016fstane drah\u00e9 a pro velkou \u010d\u00e1st populace nedostupn\u00e9, co\u017e se pochopiteln\u011b projev\u00ed v n\u00e1lad\u011b spole\u010dnosti a voli\u010dsk\u00fdch preferenc\u00edch.<\/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","protected":false},"excerpt":{"rendered":"<p>Praha 28. <\/p>\n","protected":false},"author":2,"featured_media":299240,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[85,121],"tags":[],"jetpack_featured_media_url":"https:\/\/zakrasnejsivimperk.cz\/wp-content\/uploads\/2024\/02\/28\/ram-pikora-sedlaci.jpg","_links":{"self":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts\/299237"}],"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=299237"}],"version-history":[{"count":4,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts\/299237\/revisions"}],"predecessor-version":[{"id":299260,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/posts\/299237\/revisions\/299260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=\/wp\/v2\/media\/299240"}],"wp:attachment":[{"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=299237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=299237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zakrasnejsivimperk.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=299237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}