Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Czech Republic
CZECPHP0900GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.10
Year-over-Year Change
-116.67%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Czech Republic tracks changes in the prices of recreational and cultural goods and services in the Czech Republic. This index is a key indicator of consumer spending and 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 CZECPHP0900GPM series is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure of inflation used across the European Union. It provides insights into consumer behavior and the overall cost of living in the Czech Republic.
Methodology
The data is collected through a monthly survey of retailers and service providers across the Czech Republic.
Historical Context
Policymakers and analysts use this index to assess consumer demand and guide monetary and fiscal policies.
Key Facts
- The base year for the index is 2015.
- Recreation and culture account for approximately 10% of the total Czech consumer basket.
- The index has increased by 12.4% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The CZECPHP0900GPM series measures changes in the prices of recreational and cultural goods and services in the Czech Republic, providing insights into consumer spending and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer behavior and the overall cost of living in the Czech Republic, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through a monthly survey of retailers and service providers across the Czech Republic.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess consumer demand and guide monetary and fiscal policies in the Czech Republic.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of around 2 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Recreation and Culture (COICOP 09): Total for Czech Republic (CZECPHP0900GPM), retrieved from FRED.