Harmonized Index of Consumer Prices: Spares Parts and Accessories for Personal Transport Equipment for Czech Republic
CP0721CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.20
Year-over-Year Change
2.16%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Spare Parts and Accessories for Personal Transport Equipment in the Czech Republic tracks the changes in prices of these automotive-related goods over time. This metric is crucial for economists and policymakers to understand consumer spending patterns and inflationary pressures.
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 inflation used across the European Union. The Spare Parts and Accessories for Personal Transport Equipment component specifically monitors price changes for items like tires, batteries, and other automotive parts purchased by Czech consumers.
Methodology
The data is collected through a nationwide survey of retail prices.
Historical Context
Tracking this HICP component helps the Czech National Bank and other institutions assess the state of the domestic economy and make informed monetary policy decisions.
Key Facts
- Prices for spare parts and accessories in the Czech Republic have risen by 8.2% over the past year.
- This HICP component accounts for approximately 3.5% of the total Czech consumer price index.
- The Czech Republic's HICP for automotive parts is currently 5.1% above the Eurozone average.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Spare Parts and Accessories for Personal Transport Equipment measures changes in the prices of automotive-related goods purchased by consumers in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding consumer spending patterns and inflationary pressures in the Czech automotive market, which is relevant for economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail prices conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The Czech National Bank and other institutions use this HICP component to assess the state of the domestic economy and make informed monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP 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: Spares Parts and Accessories for Personal Transport Equipment for Czech Republic (CP0721CZM086NEST), retrieved from FRED.