Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Czechia
CZECPHP0700IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
135.80
Year-over-Year Change
-1.88%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Czechia measures the change in prices paid by consumers for a basket of transportation-related goods and services. This key economic indicator is closely monitored by policymakers and analysts to assess inflationary pressures and consumer spending patterns.
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 component of the broader Consumer Price Indices (CPIs) and Harmonized Indices of Consumer Prices (HICPs) published by the Czech Statistical Office. It reflects price changes for items like private transportation, public transport, vehicle maintenance and repair, and other transportation-related expenditures.
Methodology
The data is collected through surveys of consumer prices and calculated using a Laspeyres price index formula.
Historical Context
The Transport CPI is a vital input for monetary policy decisions and macroeconomic analysis in Czechia.
Key Facts
- The CPI for Transport in Czechia has a weight of 14.72% in the overall CPI basket.
- Transport costs account for a significant portion of household budgets in Czechia.
- The Transport CPI is a leading indicator of consumer demand and economic activity.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Czechia measures the change in prices paid by consumers for a basket of transportation-related goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is a key economic indicator closely monitored by policymakers and analysts to assess inflationary pressures and consumer spending patterns in Czechia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated using a Laspeyres price index formula.
Q: How is this trend used in economic policy?
A: The Transport CPI is a vital input for monetary policy decisions and macroeconomic analysis in Czechia.
Q: Are there update delays or limitations?
A: The Transport CPI data is published monthly with minimal delays, providing timely information on this important component of consumer prices.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Czechia (CZECPHP0700IXOBM), retrieved from FRED.