Consumer Price Index: Education (COICOP 10): Total for Czech Republic
CZECP100000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
132.10
Year-over-Year Change
6.36%
Date Range
1/1/1995 - 11/1/2023
Summary
The Consumer Price Index for Education in the Czech Republic measures changes in the prices of educational goods and services, providing insight into inflationary pressures in the education sector.
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 Consumer Price Index (CPI) for Education in the Czech Republic is a key economic indicator that tracks the prices of a basket of educational goods and services, including tuition fees, school supplies, and other education-related expenses. It is used to assess changes in the cost of living for Czech households and to inform policymaking on education funding and affordability.
Methodology
The Czech Statistical Office collects price data from a sample of educational institutions and retailers to calculate the monthly CPI for Education.
Historical Context
The CPI for Education is monitored by the Czech National Bank and other policymakers to gauge inflationary trends and their impact on families and the education system.
Key Facts
- The CPI for Education has a base year of 2015 = 100.
- Education costs make up approximately 2% of the total Czech consumer price index basket.
- The CPI for Education has risen by 10% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Education in the Czech Republic measures changes in the prices of educational goods and services, including tuition fees, school supplies, and other education-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Education provides important insights into inflationary pressures in the education sector, which is crucial for policymakers, families, and educational institutions in understanding the affordability of education in the Czech Republic.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of educational institutions and retailers to calculate the monthly CPI for Education.
Q: How is this trend used in economic policy?
A: The CPI for Education is monitored by the Czech National Bank and other policymakers to gauge inflationary trends and their impact on families and the education system, informing decisions on education funding and affordability.
Q: Are there update delays or limitations?
A: The CPI for Education data is released monthly by the Czech Statistical Office, with a typical delay of 4-6 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Czech Republic (CZECP100000IXNBM), retrieved from FRED.