Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Czech Republic
CZECPHP1200GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.60
Year-over-Year Change
-700.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Czech Republic measures changes in the prices of various household items and services in the Czech Republic. This key economic indicator helps analysts and policymakers understand 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
This index tracks the prices of a representative basket of miscellaneous goods and services purchased by Czech households, including personal care, social protection, insurance, and financial services. It is a component of the broader Harmonized Index of Consumer Prices, a standardized inflation measure used across the European Union.
Methodology
The data is collected through regular surveys of retail prices in the Czech Republic.
Historical Context
Policymakers and economists use this index to assess inflationary pressures and guide monetary and fiscal policies.
Key Facts
- The index uses 2015 as the base year.
- Miscellaneous goods and services account for around 13% of the Czech household consumption basket.
- This index is a component of the Harmonized Index of Consumer Prices (HICP) for the European Union.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of a representative basket of miscellaneous goods and services purchased by households in the Czech Republic, including personal care, social protection, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures and consumer spending trends in the Czech Republic, which is important for policymakers and economists analyzing the state of the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices in the Czech Republic.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess inflationary pressures 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 delay of several weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Miscellaneous Goods and Services (COICOP 12): Total for Czech Republic (CZECPHP1200GPM), retrieved from FRED.