Harmonized Index of Consumer Prices: Meat for Czech Republic
CP0112CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
145.80
Year-over-Year Change
5.73%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Meat in the Czech Republic measures the changes in consumer prices for a basket of meat products. This indicator provides important insights into inflationary pressures and consumer spending patterns in the Czech economy.
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 is a standardized measure of consumer inflation used across the European Union. The Meat sub-index specifically tracks price changes for a variety of meat products, including beef, pork, poultry, and others. This data is a key input for policymakers and analysts monitoring the cost of living and consumer behavior.
Methodology
The Czech Statistical Office collects price data from a sample of retailers to calculate the HICP-Meat index on a monthly basis.
Historical Context
The HICP-Meat trend is used by the Czech National Bank and the European Central Bank to inform monetary policy decisions and economic forecasts.
Key Facts
- The HICP-Meat index has a base year of 2015.
- Meat accounts for approximately 5% of the total Czech consumer price index basket.
- Prices for meat products in the Czech Republic have risen by 20% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Meat in the Czech Republic measures the changes in consumer prices for a basket of meat products.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides important insights into inflationary pressures and consumer spending patterns in the Czech economy, which is crucial information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of retailers to calculate the HICP-Meat index on a monthly basis.
Q: How is this trend used in economic policy?
A: The HICP-Meat trend is used by the Czech National Bank and the European Central Bank to inform monetary policy decisions and economic forecasts.
Q: Are there update delays or limitations?
A: The HICP-Meat data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Meat for Czech Republic (CP0112CZM086NEST), retrieved from FRED.