Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Czechia
CZECPIALLAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
151.43
Year-over-Year Change
54.65%
Date Range
1/1/1991 - 1/1/2024
Summary
The Consumer Price Index (CPI) for Czechia measures the changes in the average price level of consumer goods and services purchased by households. It is a key indicator of inflation and a critical tool for economic policymakers.
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 Czechia is part of the Harmonized Indices of Consumer Prices (HICPs), a standardized set of consumer price indices used across the European Union. The CPI tracks the prices of a representative basket of consumer goods and services and is used to assess the cost of living and purchasing power.
Methodology
The Czech Statistical Office collects price data from a sample of retail outlets and service providers to calculate the CPI.
Historical Context
The CPI is widely used by the Czech National Bank and other policymakers to monitor and manage inflation levels.
Key Facts
- The CPI for Czechia uses 2015 as the base year.
- Czechia's CPI reached a high of 17.2% in 1993 following the country's transition to a market economy.
- Housing, food, and transportation are the largest components of the Czech CPI basket.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Czechia measures the changes in the average price level of consumer goods and services purchased by households in the country.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a critical indicator of inflation and purchasing power, making it highly relevant for economic policymakers, businesses, and consumers in Czechia.
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 CPI.
Q: How is this trend used in economic policy?
A: The Czech National Bank and other policymakers use the CPI to monitor and manage inflation levels in the country.
Q: Are there update delays or limitations?
A: The CPI for Czechia is published monthly with a typical one-month delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Czechia (CZECPIALLAINMEI), retrieved from FRED.