Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for Czech Republic
00XALCCZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.10
Year-over-Year Change
2.58%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Alcohol and Tobacco for the Czech Republic measures the change in consumer prices, excluding the volatile prices of alcohol and tobacco products. This index is a key indicator of inflation and economic conditions in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The HICP Excluding Alcohol and Tobacco is a harmonized, standardized metric used across European Union member states to track consumer price inflation. It provides a reliable gauge of underlying price pressures, excluding the impact of changes in alcohol and tobacco costs.
Methodology
The data is collected through a nationwide survey of consumer prices by the Czech Statistical Office.
Historical Context
Policymakers and analysts use this index to inform monetary policy decisions and assess the health of the Czech economy.
Key Facts
- The base year for the index is 2015 = 100.
- Alcohol and tobacco products account for approximately 3.5% of the Czech consumer price basket.
- The index is published monthly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Alcohol and Tobacco measures changes in the prices of consumer goods and services, excluding the volatile prices of alcohol and tobacco products, in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This index provides a more accurate assessment of underlying inflationary pressures in the Czech economy, as it removes the impact of changes in alcohol and tobacco prices, which can be influenced by factors unrelated to broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to inform monetary policy decisions and assess the overall health of the Czech economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Alcohol and Tobacco for Czech Republic (00XALCCZM086NEST), retrieved from FRED.