Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Czechia
CZECPIHICMINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
154.90
Year-over-Year Change
2.65%
Date Range
1/1/1995 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Czechia measures changes in the prices of consumer goods and services. This key economic indicator is used to assess inflation and guide monetary policy decisions.
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 tracks the average change in prices paid by consumers for a basket of goods and services. It is a widely used measure of inflation and an important input for policymakers at the Czech National Bank.
Methodology
The CPI is calculated by the Czech Statistical Office based on a survey of consumer expenditures.
Historical Context
The CPI is a crucial metric for the Czech government and central bank in monitoring and managing the country's economic conditions.
Key Facts
- The CPI for Czechia uses 2015 as the base year.
- Czechia joined the European Union in 2004.
- The Czech National Bank targets 2% inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Czechia measures changes in the prices of a basket of consumer goods and services. It is a key indicator of inflation in the Czech economy.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial metric for assessing the purchasing power of consumers and guiding monetary policy decisions by the Czech National Bank.
Q: How is this data collected or calculated?
A: The CPI is calculated by the Czech Statistical Office based on a survey of consumer expenditures.
Q: How is this trend used in economic policy?
A: The CPI is a key input for the Czech National Bank in monitoring and managing inflation, which is a primary objective of the central bank's monetary policy.
Q: Are there update delays or limitations?
A: The CPI for Czechia is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Czechia (CZECPIHICMINMEI), retrieved from FRED.