Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Czechia
CZECP070000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-3.25
Year-over-Year Change
-169.33%
Date Range
1/1/1996 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Czechia measures changes in the prices of goods and services related to transportation, including private vehicles, public transport, and fuel. This metric is a key indicator of inflation and consumer purchasing power.
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 Transport CPI is a sub-index of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Transport CPI specifically focuses on the costs associated with various modes of transportation, providing insights into a crucial component of household expenditures.
Methodology
The Czech Statistical Office collects price data from a sample of retail outlets and service providers to calculate the Transport CPI.
Historical Context
The Transport CPI is closely monitored by policymakers and economists to assess the impact of factors such as fuel prices, infrastructure costs, and changes in consumer behavior on overall economic conditions.
Key Facts
- The Transport CPI accounts for approximately 13% of the overall Czech CPI basket.
- Transportation costs have a significant impact on household budgets and spending patterns.
- The Transport CPI is a leading indicator of changes in the cost of living and consumer purchasing power.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Czechia measures changes in the prices of goods and services related to transportation, including private vehicles, public transport, and fuel.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key indicator of inflation and consumer purchasing power, providing insights into a crucial component of household expenditures.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of retail outlets and service providers to calculate the Transport CPI.
Q: How is this trend used in economic policy?
A: The Transport CPI is closely monitored by policymakers and economists to assess the impact of factors such as fuel prices, infrastructure costs, and changes in consumer behavior on overall economic conditions.
Q: Are there update delays or limitations?
A: The Transport CPI is published monthly by the Czech Statistical Office, with a typical data 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 (CZECP070000GYM), retrieved from FRED.