Harmonized Index of Consumer Prices: Oils and Fats for Czech Republic
CP0115CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190.70
Year-over-Year Change
13.24%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Oils and Fats for the Czech Republic measures the price changes of edible oils and fats consumed by Czech households. This metric is crucial for monitoring consumer inflation and guiding economic policy.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation across European Union member states. The Oils and Fats component specifically tracks the cost of products like cooking oils, butter, and margarine that are important parts of the Czech consumer basket.
Methodology
The data is collected through regular surveys of consumer prices by the Czech Statistical Office.
Historical Context
Policymakers and analysts use this HICP subindex to assess inflationary pressures and the overall cost of living in the Czech economy.
Key Facts
- Oils and fats account for around 3% of the Czech consumer price index basket.
- Prices for this category have risen by an average of 4.2% per year over the past decade.
- Global commodity price swings significantly impact the Oils and Fats HICP in the Czech Republic.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Oils and Fats for the Czech Republic measures the price changes of edible oils, fats, and related products consumed by Czech households.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex is an important indicator of consumer inflation pressures and the overall cost of living in the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this HICP subindex to assess inflationary dynamics and guide monetary and fiscal policies in the Czech Republic.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Oils and Fats for Czech Republic (CP0115CZM086NEST), retrieved from FRED.