Harmonized Index of Consumer Prices: Household Textiles for Czech Republic
CP0520CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.80
Year-over-Year Change
8.14%
Date Range
12/1/1999 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Household Textiles in the Czech Republic tracks changes in the retail prices of textile products for domestic use. This index is a key indicator of inflation and consumer spending 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 for Household Textiles in the Czech Republic measures the price changes of a fixed basket of textile products, including curtains, bedding, and other household textile items. It is an important component of the overall HICP, which is used by policymakers to monitor and manage inflation targets.
Methodology
The Czech Statistical Office collects price data from a sample of retail outlets to calculate this seasonally adjusted index.
Historical Context
The HICP for Household Textiles is used by the Czech National Bank and European Central Bank to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The base year for this index is 2015 = 100.
- Household Textiles account for around 5% of the total Czech HICP basket.
- The index has shown moderate annual inflation of 2-3% in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Household Textiles in the Czech Republic tracks changes in the retail prices of textile products for domestic use.
Q: Why is this trend relevant for users or analysts?
A: This index is an important component of the overall HICP, which is used by policymakers to monitor and manage inflation targets in the Czech economy.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of retail outlets to calculate this seasonally adjusted index.
Q: How is this trend used in economic policy?
A: The HICP for Household Textiles is used by the Czech National Bank and European Central Bank to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely data on household textile price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Household Textiles for Czech Republic (CP0520CZM086NEST), retrieved from FRED.