Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Czechia
CZECP070000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.31
Year-over-Year Change
-170.57%
Date Range
1/1/2010 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Transport measures the change in prices paid by consumers for a basket of transportation goods and services in Czechia. This metric is closely monitored by economists and policymakers to gauge inflationary pressures and consumer spending behavior.
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 Transport is a component of the overall Consumer Price Index, which tracks the average change in prices paid by consumers across a wide range of goods and services. The Transport CPI specifically measures price fluctuations in categories like vehicle purchases, fuel, public transportation, and other mobility-related costs.
Methodology
The Czech Statistical Office collects and aggregates price data from a representative sample of retail outlets to calculate this index.
Historical Context
Changes in the Transport CPI are analyzed by the Czech National Bank and other policymakers to understand broader economic trends and inform monetary policy decisions.
Key Facts
- Czechia's Transport CPI has a base year of 2015.
- The Transport CPI accounts for about 15% of the overall Czech Consumer Price Index.
- Transport costs are a major household expense, making this metric crucial for policymakers.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport measures the change in prices paid by consumers for a basket of transportation goods and services in Czechia.
Q: Why is this trend relevant for users or analysts?
A: Changes in the Transport CPI are closely monitored by economists and policymakers to gauge inflationary pressures and consumer spending behavior, which are important for informing economic and monetary policy decisions.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects and aggregates price data from a representative sample of retail outlets to calculate this index.
Q: How is this trend used in economic policy?
A: The Transport CPI is analyzed by the Czech National Bank and other policymakers to understand broader economic trends and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The Transport CPI is published on a monthly basis, with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Czechia (CZECP070000CTGYM), retrieved from FRED.