Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Czechia
CZECPHP0500GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.30
Year-over-Year Change
550.00%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Czechia measures changes in the prices paid by consumers for a basket of household goods and services.
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 CPI component tracks the costs of items like furniture, appliances, textiles, and household maintenance over time. It is a key indicator of consumer inflation and living standards within Czechia.
Methodology
The Czech Statistical Office collects price data from a sample of retail outlets to calculate this seasonally adjusted monthly index.
Historical Context
Policymakers and analysts use this CPI component to assess economic conditions and guide fiscal and monetary decisions.
Key Facts
- Czechia's household furnishings CPI has risen 10% over the past 5 years.
- This index accounts for over 6% of Czechia's total consumer price basket.
- Household furnishings prices tend to be less volatile than overall consumer prices.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in Czechia measures changes in the prices paid by consumers for a basket of household goods and services.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of consumer inflation and living standards within Czechia, providing insights into household spending patterns and economic conditions.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of retail outlets to calculate this seasonally adjusted monthly index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess economic conditions and guide fiscal and monetary decisions in Czechia.
Q: Are there update delays or limitations?
A: The CPI for Furnishings, Household Equipment and Routine Household Maintenance in Czechia is published monthly with a short lag, providing timely data for economic analysis.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Czechia (CZECPHP0500GYM), retrieved from FRED.