Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Czechia
CZECPGRLH01IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
165.80
Year-over-Year Change
31.10%
Date Range
1/1/1994 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Czechia measures the change in prices for a basket of consumer services, excluding housing costs. This metric is a key indicator of inflationary pressures in the Czech economy.
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 Consumer Price Index, which tracks the average change in prices paid by consumers for a market basket of consumer goods and services. This narrower index provides insights into price dynamics for non-housing services, which can help policymakers and analysts understand underlying inflationary trends.
Methodology
The Czech Statistical Office collects price data from a sample of businesses and households to calculate this index.
Historical Context
The CPI for Services Less Housing is used by the Czech National Bank and other policymakers to monitor and respond to inflationary developments.
Key Facts
- The base year for this index is 2015.
- Services account for over half of consumer spending in Czechia.
- This index excludes housing costs, a major component of the overall CPI.
FAQs
Q: What does this economic trend measure?
A: The CPI for Services Less Housing in Czechia measures the change in prices for a basket of consumer services, excluding housing costs, as an indicator of inflationary pressures in the Czech economy.
Q: Why is this trend relevant for users or analysts?
A: This narrower inflation measure provides insights into price dynamics for non-housing services, helping policymakers and analysts understand underlying inflationary trends in the Czech economy.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of businesses and households to calculate this index.
Q: How is this trend used in economic policy?
A: The CPI for Services Less Housing is used by the Czech National Bank and other policymakers to monitor and respond to inflationary developments in the Czech economy.
Q: Are there update delays or limitations?
A: The CPI for Services Less Housing is published monthly with a typical 2-3 week delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Czechia (CZECPGRLH01IXOBQ), retrieved from FRED.