Consumer Price Index: Harmonized Prices: All Items: Total for Czech Republic
CPHPTT01CZA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.80
Year-over-Year Change
1133.33%
Date Range
1/1/1996 - 1/1/2022
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Czech Republic measures the overall price changes for a basket of consumer goods and services in the Czech Republic. This key economic indicator is crucial for understanding inflationary trends and informing policymakers.
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 consumer price index (HICP) tracks the prices paid by households for a representative basket of consumer goods and services. It is a vital metric for assessing the cost of living and overall economic conditions in the Czech Republic.
Methodology
The data is collected through a national survey of retail establishments and households.
Historical Context
The Czech National Bank uses this index to help set monetary policy and manage inflation targets.
Key Facts
- The index base year is 2015 = 100.
- Prices are harmonized across EU countries for comparability.
- The index is released monthly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Czech Republic measures the overall price changes for a basket of consumer goods and services in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This key metric is crucial for understanding inflationary trends and informing policymakers on the cost of living and overall economic conditions in the Czech Republic.
Q: How is this data collected or calculated?
A: The data is collected through a national survey of retail establishments and households.
Q: How is this trend used in economic policy?
A: The Czech National Bank uses this index to help set monetary policy and manage inflation targets.
Q: Are there update delays or limitations?
A: The index is released monthly by the Czech Statistical Office with no significant delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Czech Republic (CPHPTT01CZA657N), retrieved from FRED.