Consumer Price Index: Education (COICOP 10): Total for Czech Republic
CZECP100000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127.20
Year-over-Year Change
13.64%
Date Range
1/1/1995 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Education in the Czech Republic measures changes in the prices of educational goods and services. This key economic indicator provides insights into inflation trends and household 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 for Education in the Czech Republic is a subcomponent of the broader Consumer Price Index. It tracks the prices of various educational items and services, including tuition fees, textbooks, school supplies, and extracurricular activities. This data is used by policymakers, economists, and consumers to understand the cost of living and purchasing power.
Methodology
The Czech Statistical Office collects price data from a sample of educational providers and outlets to calculate this index.
Historical Context
The CPI for Education is a valuable input for economic analysis and policy decisions related to the education sector and household budgets.
Key Facts
- The CPI for Education in the Czech Republic has a base year of 2015.
- This index is published monthly by the Czech Statistical Office.
- Education costs make up approximately 3% of the overall Czech consumer price index.
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, textbooks, and school supplies.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into inflation and cost-of-living trends for households, which is valuable information for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of educational providers and outlets to calculate this index.
Q: How is this trend used in economic policy?
A: The CPI for Education is used by policymakers and economists to analyze inflation, household spending, and the overall state of the education sector.
Q: Are there update delays or limitations?
A: This index is published monthly by the Czech Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Czech Republic (CZECP100000IXNBQ), retrieved from FRED.