Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Czech Republic
CPGRLE01CZA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.20
Year-over-Year Change
4166.87%
Date Range
1/1/1996 - 1/1/2022
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for the Czech Republic measures the changes in prices for goods and services excluding food and energy in the Czech economy. This trend is a key indicator of underlying inflation pressures and the overall health of the Czech consumer 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
This index tracks the prices of a basket of consumer goods and services in the Czech Republic, excluding volatile food and energy costs. It is used by economists and policymakers to assess inflationary trends and guide monetary policy decisions.
Methodology
The data is collected through a nationwide survey of consumer prices and aggregated by the Czech Statistical Office.
Historical Context
Monitoring this index helps the Czech National Bank and government policymakers evaluate the effectiveness of their economic policies.
Key Facts
- The index has a base year of 2015 = 100.
- Data is available monthly since 1995.
- The index excludes the most volatile consumer price components.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices for a basket of consumer goods and services in the Czech Republic, excluding food and energy costs.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of underlying inflationary pressures in the Czech economy, helping policymakers and analysts assess the overall health of consumer spending and guide economic policies.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and aggregated by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Monitoring this index helps the Czech National Bank and government policymakers evaluate the effectiveness of their monetary and fiscal policies in managing inflation.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely data on Czech consumer price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Czech Republic (CPGRLE01CZA657N), retrieved from FRED.