Harmonized Index of Consumer Prices: Recreation and Culture for Czech Republic
CP0900CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.20
Year-over-Year Change
4.19%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Recreation and Culture for the Czech Republic measures changes in the prices of recreational and cultural goods and services over time. This metric is important for economists and policymakers to understand consumer spending patterns and inflation 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 across European Union countries. The Recreation and Culture component tracks the prices of items like sports equipment, entertainment, and cultural activities in the Czech Republic.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
This index helps the Czech National Bank and other policymakers assess economic conditions and implement appropriate monetary policies.
Key Facts
- The HICP is a key economic indicator for the European Union.
- Recreation and culture account for about 10% of the total HICP basket in the Czech Republic.
- Prices in this category have risen by 2.5% on average over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Recreation and Culture for Czech Republic measures changes in the prices of recreational and cultural goods and services in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into consumer spending patterns and inflationary pressures in the Czech economy, which is useful for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Czech National Bank and other policymakers use this index to assess economic conditions and implement appropriate monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Recreation and Culture for Czech Republic (CP0900CZM086NEST), retrieved from FRED.