Consumer Price Index: Food for Czech Republic
Monthly
CZECPIFODMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.53
Year-over-Year Change
2.42%
Date Range
1/1/1994 - 5/1/2018
Summary
The 'Monthly' economic trend measures the consumer price index (CPI) for food and non-alcoholic beverages in the Czech Republic, providing key insights into domestic inflation 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 'Monthly' CPI for food and non-alcoholic beverages is a widely tracked economic indicator that reflects changes in the cost of living for Czech households. It is a crucial metric for policymakers, analysts, and consumers to understand the state of the Czech economy and make informed decisions.
Methodology
This data is collected and calculated monthly by the Czech Statistical Office through a survey of retail prices.
Historical Context
The 'Monthly' CPI for food and non-alcoholic beverages is closely monitored by the Czech National Bank and other institutions to assess inflationary pressures and guide monetary policy decisions.
Key Facts
- The CPI for food and non-alcoholic beverages accounts for approximately 16% of the overall Czech CPI basket.
- Food prices in the Czech Republic have risen by an average of 2.5% annually over the past decade.
- The Czech Republic's central bank targets an inflation rate of 2% as part of its monetary policy objectives.
FAQs
Q: What does this economic trend measure?
A: The 'Monthly' trend measures the consumer price index (CPI) for food and non-alcoholic beverages in the Czech Republic, providing insights into domestic inflation and consumer spending patterns.
Q: Why is this trend relevant for users or analysts?
A: The 'Monthly' CPI for food and non-alcoholic beverages is a crucial metric for policymakers, analysts, and consumers to understand the state of the Czech economy and make informed decisions.
Q: How is this data collected or calculated?
A: This data is collected and calculated monthly by the Czech Statistical Office through a survey of retail prices.
Q: How is this trend used in economic policy?
A: The 'Monthly' CPI for food and non-alcoholic beverages is closely monitored by the Czech National Bank and other institutions to assess inflationary pressures and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The 'Monthly' CPI for food and non-alcoholic beverages is published in a timely manner by the Czech Statistical Office, with minimal update delays.
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Citation
U.S. Federal Reserve, CZECPIFODMINMEI (Monthly), retrieved from FRED.