Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Czechia
CZECPGRLH01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.91
Year-over-Year Change
-38.81%
Date Range
1/1/1995 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Czechia measures the price changes of consumer services excluding housing. It is a key economic indicator used to assess 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 CPI for Services Less Housing in Czechia is a subcomponent of the broader Harmonized Index of Consumer Prices (HICP), which is the standard measure of inflation in the European Union. This indicator provides insights into pricing dynamics of the Czech service sector, excluding housing-related costs.
Methodology
The data is collected through surveys of consumer expenditures and prices by the Czech Statistical Office.
Historical Context
Policymakers and analysts use this CPI measure to inform monetary policy decisions and evaluate the overall state of the Czech economy.
Key Facts
- The base year for the Czechia CPI Services Less Housing index is 2015.
- Services account for around 40% of the total HICP basket in Czechia.
- Czechia joined the European Union in 2004 and adopted the euro in 2009.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services Less Housing in Czechia measures the price changes of consumer services excluding housing costs.
Q: Why is this trend relevant for users or analysts?
A: This CPI measure provides insights into pricing dynamics in the Czech service sector, which is an important component of the overall economy. It helps policymakers and analysts assess inflationary pressures.
Q: How is this data collected or calculated?
A: The data is collected through consumer expenditure and price surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI measure to inform monetary policy decisions and evaluate the overall state of the Czech economy.
Q: Are there update delays or limitations?
A: The CPI for Services Less Housing in Czechia is published monthly with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Czechia (CZECPGRLH01GYM), retrieved from FRED.