Consumer Price Index: Food for Czech Republic
Annual
CZECPIFODAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.38
Year-over-Year Change
37.29%
Date Range
1/1/1994 - 1/1/2017
Summary
The Annual Consumer Price Index for Food and Beverages measures the year-over-year change in prices for food and beverage items consumed by households in Czechia.
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 Annual Consumer Price Index for Food and Beverages is a key indicator of inflationary pressures in the Czechia economy. It tracks the price movements of a representative basket of food and beverage products that are typically purchased by consumers.
Methodology
The data is collected by the Czech Statistical Office through monthly surveys of consumer prices.
Historical Context
Economists and policymakers monitor this index to assess the state of consumer demand and make informed decisions about monetary and fiscal policies.
Key Facts
- The index has a base year of 2015 = 100.
- Food and beverages account for approximately 25% of the total consumer expenditure basket in Czechia.
- The index is published monthly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Annual Consumer Price Index for Food and Beverages measures the year-over-year change in prices for a basket of food and beverage items purchased by households in Czechia.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of inflationary pressures and consumer demand in the Czechia economy, which is of interest to economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the Czech Statistical Office through monthly surveys of consumer prices.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the state of consumer demand and make informed decisions about monetary and fiscal policies in Czechia.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely information on food and beverage price trends in Czechia.
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Citation
U.S. Federal Reserve, Annual Consumer Price Index for Food and Beverages (CZECPIFODAINMEI), retrieved from FRED.