Harmonized Index of Consumer Prices: Purchase of Vehicles for Czech Republic
CP0710CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.30
Year-over-Year Change
1.10%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for the Purchase of Vehicles in the Czech Republic measures changes in the prices paid by consumers for vehicle purchases. This metric is a key indicator of inflationary pressures and consumer spending in the automotive sector.
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 price inflation across European Union countries. The vehicle purchase component tracks the costs associated with buying new and used cars, motorcycles, bicycles, and other personal transport equipment. This metric provides insights into consumer behavior and inflationary trends in the Czech automotive market.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Czech Statistical Office.
Historical Context
Policymakers and economists analyze HICP data to assess the overall state of the Czech economy and make informed decisions.
Key Facts
- The base year for the Czech Republic HICP is 2015.
- Vehicle purchases account for around 5% of the total Czech consumer price index.
- Annual HICP inflation for vehicle purchases in the Czech Republic averaged 1.8% from 2015-2020.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for the Purchase of Vehicles in the Czech Republic measures changes in the prices paid by consumers for vehicle purchases, including new and used cars, motorcycles, bicycles, and other personal transport equipment.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into consumer behavior and inflationary pressures in the Czech automotive market, which is a key sector of the economy. Policymakers and economists analyze HICP data to assess overall economic conditions and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this HICP data to monitor inflation, consumer spending, and broader economic conditions in the Czech Republic, which informs policy decisions and market analysis.
Q: Are there update delays or limitations?
A: The HICP data for the Czech Republic is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Purchase of Vehicles for Czech Republic (CP0710CZM086NEST), retrieved from FRED.