Household income The first thing to say about household income is that the past five years have been an extraordinarily favourable period. Real disposable income of the household sector grew on average by 6.1 per cent per year, resulting in a cumulative increase over the five years of more than 30 per cent.
Chart 5 CPI movements in selected CESEE countries (y-o-y rates, in %)  15 14 13 12 11 10 9 8 7 6 5 4 3 2 1 0  13.8  14.2 12.8  12.4  10.3  9.6  8.3  7.7 5.5  Romania 1 3 2021  5  7  9 11 1 3 1 3 2022 2021  Inflation  5  Hungary  Czech Republic  7  5  9 11 1 3 1 3 2022 2021  Core inflation  7  9 11 1 3 1 3 2022 2021  Inflation target  Poland 5  7  9 11 1 3 1 3 2022 2021  Serbia 5  7  9 11 1 3 2022  Target tolerance band  Source: Central banks of selected countries.