Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Czech Republic
CPGRLE01CZQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.26
Year-over-Year Change
-13.21%
Date Range
4/1/1995 - 7/1/2023
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in the Czech Republic measures changes in the prices of goods and services, excluding food and energy, providing insights into underlying inflationary pressures in the Czech 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
The CPI for All Items Non-Food Non-Energy is a key economic indicator used to track the cost of living and inflation. It excludes volatile food and energy prices to provide a more stable measure of core inflation, which is important for policymakers and analysts in assessing the overall health of the Czech economy.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated by the Czech Statistical Office.
Historical Context
This CPI trend is widely used by the Czech National Bank and other policymakers to inform monetary policy decisions and economic forecasting.
Key Facts
- The base year for the Czech Republic CPI is 2015 = 100.
- The index excludes food and energy prices, which can be volatile.
- CPI data is released monthly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items Non-Food Non-Energy in the Czech Republic measures changes in the prices of goods and services, excluding food and energy, providing insights into the underlying rate of inflation in the economy.
Q: Why is this trend relevant for users or analysts?
A: This CPI trend is a key indicator used by policymakers, economists, and analysts to assess the overall health of the Czech economy and inform monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The Czech National Bank and other policymakers use this CPI trend to monitor core inflation and make informed decisions about monetary policy, such as setting interest rates.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Czech Statistical Office, with a typical delay of around 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Czech Republic (CPGRLE01CZQ657N), retrieved from FRED.