Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Czechia
CZECP030000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.01
Year-over-Year Change
-152.54%
Date Range
1/1/1996 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Czechia measures changes in the prices paid by consumers for a basket of apparel and shoe items. This key economic indicator provides insights into inflationary pressures and consumer spending patterns.
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 Clothing and Footwear index tracks the retail prices of a representative sample of garments, accessories, and footwear purchased by Czech households. It is a subcomponent of the broader Consumer Price Index, a widely-used measure of inflation that informs monetary policy decisions.
Methodology
The data is collected through regular price surveys of retail establishments across Czechia.
Historical Context
Policymakers and analysts use this index to assess consumer demand, inflationary trends, and the overall state of the Czech economy.
Key Facts
- Czechia's CPI for Clothing and Footwear has a base year of 2015.
- The index covers a representative basket of 87 apparel and shoe items.
- Clothing and footwear account for approximately 4% of the total Czech CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in Czechia measures changes in the retail prices of a representative basket of apparel, accessories, and footwear purchased by Czech households.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides insights into inflationary pressures in the clothing and footwear sector, which is an important component of overall consumer spending and a key input for monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys of retail establishments across Czechia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess consumer demand, inflationary trends, and the overall state of the Czech economy, which informs monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI Clothing and Footwear data for Czechia is published monthly with a typical 2-week lag.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Czechia (CZECP030000GYM), retrieved from FRED.