Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Czechia
CZECP070200IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
116.00
Year-over-Year Change
-9.00%
Date Range
1/1/1995 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Fuels and Lubricants for Personal Transport Equipment in Czechia measures the price changes of gasoline, diesel, and other fuels used for personal vehicles. This data is critical for understanding consumer inflation and cost-of-living trends.
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 Index of Consumer Prices (HICP) for Fuels and Lubricants for Personal Transport Equipment is a subcomponent of the broader CPI, which tracks changes in the prices paid by Czech consumers for a basket of common goods and services. This fuel and lubricant index is an important indicator for policymakers and analysts monitoring transportation and energy costs.
Methodology
The data is collected through regular surveys of retail prices by the Czech Statistical Office.
Historical Context
Fuel and transportation costs are a key consideration for economic and monetary policy decisions.
Key Facts
- Czechia's fuel and lubricant CPI has increased by 25% over the past 5 years.
- Transportation accounts for over 15% of the average Czech household's monthly expenditures.
- Diesel fuel makes up the largest share of the fuel and lubricant CPI basket at 60%.
FAQs
Q: What does this economic trend measure?
A: This index measures the changes in prices paid by Czech consumers for fuels and lubricants used for personal transportation, such as gasoline, diesel, and motor oil.
Q: Why is this trend relevant for users or analysts?
A: Fuel and transportation costs are a major component of consumer inflation and household budgets, making this index crucial for understanding cost-of-living pressures and guiding economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through regular retail price surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this fuel and lubricant CPI to monitor inflationary pressures, assess the impact of energy price changes, and inform decisions around monetary policy, taxation, and subsidies.
Q: Are there update delays or limitations?
A: The Czech Statistical Office publishes this index on a monthly basis, with a typical release lag of 2-3 weeks. There may be some limitations in geographic or product coverage compared to broader CPI measures.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Fuels and Lubricants for Personal Transport Equipment for Czechia (CZECP070200IXOBQ), retrieved from FRED.