{"id":526755,"date":"2022-05-20T06:50:45","date_gmt":"2022-05-20T04:50:45","guid":{"rendered":"https:\/\/ftmo.com\/?p=526755"},"modified":"2022-05-20T15:12:32","modified_gmt":"2022-05-20T13:12:32","slug":"ekonomicky-kalendar-inflace-muze-byt-zradna","status":"publish","type":"post","link":"https:\/\/ftmo.com\/cs\/ekonomicky-kalendar-inflace-muze-byt-zradna\/","title":{"rendered":"Ekonomick\u00fd kalend\u00e1\u0159 \u2013 inflace m\u016f\u017ee b\u00fdt zr\u00e1dn\u00e1"},"content":{"rendered":"
Ve druh\u00e9 \u010d\u00e1sti na\u0161eho seri\u00e1lu o d\u016fle\u017eit\u00fdch datech v\u00a0ekonomick\u00e9m kalend\u00e1\u0159i a jejich vlivu na obchodov\u00e1n\u00ed na forexu si nap\u00ed\u0161eme o inflaci. Inflace je dnes hodn\u011b \u017ehav\u00fdm t\u00e9matem a trade\u0159i by m\u011bli v\u011bd\u011bt, na co si d\u00e1t pozor, kdy\u017e n\u011bkter\u00e1 zem\u011b vyhla\u0161uje \u00fadaje o inflaci.<\/em><\/p>\n Pod pojmem inflace si p\u0159edstavujeme r\u016fst cenov\u00e9 hladiny a sni\u017eov\u00e1n\u00ed kupn\u00ed s\u00edly (resp. re\u00e1ln\u00e9 hodnoty) dan\u00e9 m\u011bny, v n\u00ed\u017e spot\u0159ebitel\u00e9 nakupuj\u00ed zbo\u017e\u00ed a slu\u017eby. V\u011bt\u0161inou se v souvislosti s inflac\u00ed m\u016f\u017eeme setkat s v\u00fdrazem index spot\u0159ebitelsk\u00fdch cen (consumer price index, CPI), jeho\u017e p\u0159\u00edr\u016fstek je m\u011b\u0159\u00edtkem inflace. Meziro\u010dn\u00ed m\u00edra inflace v dan\u00e9m m\u011bs\u00edci je tak vyj\u00e1d\u0159ena jako p\u0159\u00edr\u016fstek CPI ke stejn\u00e9mu m\u011bs\u00edci p\u0159edchoz\u00edho roku.<\/p>\n CPI se po\u010d\u00edt\u00e1 jako pr\u016fm\u011br cenov\u00fdch zm\u011bn jednotliv\u00fdch polo\u017eek ve spot\u0159ebn\u00edm ko\u0161i. Slo\u017een\u00ed spot\u0159ebn\u00edho ko\u0161e je p\u0159edem stanoveno a jednotliv\u00e9 polo\u017eky maj\u00ed r\u016fznou v\u00e1hu, kter\u00e1 se v\u00a0ur\u010dit\u00fdch intervalech m\u016f\u017ee m\u011bnit. Jsou zde zastoupeny potraviny, alkohol, bydlen\u00ed, energie apod. Ka\u017ed\u00e1 zem\u011b m\u00e1 tak\u00e9 jinou v\u00e1hu jednotliv\u00fdch kategori\u00ed tvo\u0159\u00edc\u00edch spot\u0159ebn\u00ed ko\u0161, z\u00a0n\u011bho\u017e se po\u010d\u00edt\u00e1 inflace.<\/p>\n Inflace, resp. CPI je velmi d\u016fle\u017eit\u00fd ekonomick\u00fd ukazatel, proto\u017ee kupn\u00ed s\u00edla a r\u016fst cen zbo\u017e\u00ed a slu\u017eeb m\u016f\u017ee trader\u016fm a investor\u016fm hodn\u011b napov\u011bd\u011bt o tom, jak se bude vyv\u00edjet m\u011bnov\u00e1 politika dan\u00e9 zem\u011b. Vy\u0161\u0161\u00ed inflace, s\u00a0jakou se mnoh\u00e9 ekonomiky pot\u00fdkaj\u00ed tak\u00e9 v\u00a0polovin\u011b roku 2022, vede centr\u00e1ln\u00ed banky ke zvy\u0161ov\u00e1n\u00ed \u00farokov\u00fdch sazeb. To m\u00e1 na jednu stranu vliv na ekonomickou aktivitu, kter\u00e1 se p\u0159i vy\u0161\u0161\u00edch \u00farokov\u00fdch sazb\u00e1ch utlumuje (zdra\u017een\u00ed \u00fav\u011br\u016f, hor\u0161\u00ed dostupnost pen\u011bz pro firmy), na druhou stranu ale vy\u0161\u0161\u00ed sazby zatraktiv\u0148uj\u00ed m\u011bnu v\u00a0o\u010d\u00edch investor\u016f, kte\u0159\u00ed ji nakupuj\u00ed. Vy\u0161\u0161\u00ed inflace a n\u00e1sledn\u011b r\u016fst \u00farokov\u00fdch sazeb pak vede k\u00a0posilov\u00e1n\u00ed m\u011bny.<\/p>\n