Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Czechia
CZECPHP0700GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.90
Year-over-Year Change
-152.78%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Czechia measures the change in prices for transportation-related goods and services. This key economic indicator helps policymakers and analysts assess inflation and consumer spending 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 Transport in Czechia is a subcomponent of the broader Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a basket of goods and services. The Transport CPI specifically focuses on the transportation-related expenditures of Czech households.
Methodology
The Czech Statistical Office collects price data from a sample of retail outlets and service providers to calculate the monthly Transport CPI.
Historical Context
The Transport CPI is used by the Czech National Bank and other policymakers to inform monetary policy decisions and analyze consumer demand.
Key Facts
- The CPI for Transport in Czechia has a base year of 2015.
- Transportation accounts for approximately 14% of the Czech CPI basket.
- The Transport CPI is released monthly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Czechia measures the change in prices for transportation-related goods and services, such as fuel, public transportation fares, and vehicle maintenance costs.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is an important indicator of consumer inflation and spending patterns in Czechia, providing insights into a key component of household budgets.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of retail outlets and service providers to calculate the monthly Transport CPI.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by the Czech National Bank and other policymakers to inform monetary policy decisions and analyze consumer demand.
Q: Are there update delays or limitations?
A: The Transport CPI is released monthly by the Czech Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Czechia (CZECPHP0700GYM), retrieved from FRED.