Consumer Price Index: Food for Czech Republic
CZECPIFODQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
125.85
Year-over-Year Change
5.39%
Date Range
1/1/1994 - 1/1/2018
Summary
The Consumer Price Index: Food for the Czech Republic measures the change in prices for a basket of food items in the country. It serves as a key indicator of inflationary pressures and consumer purchasing power 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 Consumer Price Index: Food is a sub-index of the broader Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a market basket of consumer goods and services. The food-specific index provides insight into price dynamics for a critical component of household spending.
Methodology
The data is collected through surveys of retail establishments and calculated as a weighted average price index.
Historical Context
Policymakers and economists use the Food CPI to assess the state of consumer inflation and inform monetary and fiscal policy decisions.
Key Facts
- The Food CPI is a sub-index of the broader Czech Consumer Price Index (CPI).
- It tracks price changes for a basket of food items purchased by Czech consumers.
- The index is used by policymakers to monitor inflationary pressures in the Czech economy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Food for the Czech Republic measures the change in prices for a basket of food items purchased by consumers in the country.
Q: Why is this trend relevant for users or analysts?
A: The Food CPI provides insight into inflationary pressures and consumer purchasing power, making it a key indicator for policymakers and economists analyzing the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and calculated as a weighted average price index.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use the Food CPI, along with the broader CPI, to assess consumer inflation and inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Food CPI data is published monthly with minimal delay, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Consumer Price Index: Food for Czech Republic (CZECPIFODQINMEI), retrieved from FRED.