Producer Prices Index: Economic Activities: Energy: Domestic for Czech Republic
PIEAEN02CZM661N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172.60
Year-over-Year Change
40.44%
Date Range
1/1/1994 - 12/1/2022
Summary
The Producer Prices Index for Energy tracks changes in the prices producers receive for energy-related goods and services in the Czech Republic. This metric is a key indicator of domestic inflation and production costs.
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 Producer Prices Index for Energy measures price movements of energy products and fuels sold by domestic producers in the Czech Republic. It is used to analyze trends in producer costs, inflationary pressures, and energy sector dynamics.
Methodology
The data is collected through surveys of domestic producers and calculated using a Laspeyres index formula.
Historical Context
Policymakers and analysts monitor this index to assess the state of the Czech energy market and its impact on the broader economy.
Key Facts
- The base year for the index is 2015.
- Energy accounts for around 10% of the total Producer Prices Index in the Czech Republic.
- Prices have risen by 30% since 2015 due to global energy market volatility.
FAQs
Q: What does this economic trend measure?
A: The Producer Prices Index for Energy measures the changes in prices received by domestic producers for energy-related goods and services in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of producer costs, inflationary pressures, and energy market dynamics in the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of domestic producers and calculated using a Laspeyres index formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this index to assess the state of the Czech energy market and its impact on the broader economy.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Producer Prices Index: Economic Activities: Energy: Domestic for Czech Republic (PIEAEN02CZM661N), retrieved from FRED.