Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Czech Republic
CZECPHP0200IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
149.30
Year-over-Year Change
6.04%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Czech Republic tracks the prices of these consumer goods 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
This index measures the change in prices for a basket of alcoholic beverages, tobacco, and narcotics in the Czech Republic, providing insight into inflationary pressures and consumer behavior.
Methodology
The data is collected through surveys of retail outlets and households by the Czech Statistical Office.
Historical Context
Policymakers and economists use this index to assess cost-of-living changes and inform macroeconomic decisions.
Key Facts
- The index uses 2015 as the base year.
- Alcoholic beverages account for the largest share of the index basket.
- The index reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for a basket of alcoholic beverages, tobacco, and narcotics in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and consumer behavior, which is valuable for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail outlets and households by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess cost-of-living changes and inform macroeconomic decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag time, providing timely data for analysis.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Alcoholic Beverages, Tobacco and Narcotics (COICOP 02): Total for Czech Republic (CZECPHP0200IXEBM), retrieved from FRED.