Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Czech Republic
CPGREN01CZQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.81
Year-over-Year Change
-39.63%
Date Range
4/1/1995 - 7/1/2023
Summary
The Consumer Price Index (CPI): OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for the Czech Republic measures changes in the prices of energy-related goods and services for Czech consumers.
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
This energy-focused CPI subindex is a key indicator of inflationary pressures in the Czech economy, reflecting the impact of factors like global energy market fluctuations and domestic energy policies on household costs.
Methodology
The Czech Statistical Office collects and calculates this CPI subindex based on a representative basket of household energy expenditures.
Historical Context
Policymakers and analysts closely monitor this energy CPI metric to assess the state of consumer inflation and guide monetary and fiscal policy decisions.
Key Facts
- The energy CPI for the Czech Republic uses 2015 as its base year.
- Gasoline and electricity are the two largest components of the Czech energy CPI basket.
- Energy prices account for about 15% of the overall Czech consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI): OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for the Czech Republic measures changes in the prices of energy-related goods and services for Czech consumers.
Q: Why is this trend relevant for users or analysts?
A: This energy-focused CPI subindex is a key indicator of inflationary pressures in the Czech economy, reflecting the impact of global energy market fluctuations and domestic energy policies on household costs.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects and calculates this CPI subindex based on a representative basket of household energy expenditures.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor this energy CPI metric to assess the state of consumer inflation and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: This CPI data series is published monthly by the Czech Statistical Office with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Czech Republic (CPGREN01CZQ657N), retrieved from FRED.