Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Czech Republic
00XFROCZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
100.40
Year-over-Year Change
1.31%
Date Range
12/1/1999 - 1/1/2016
Summary
The Harmonized Index of Consumer Prices (HICP) Excluding Frequent Out-of-Pocket Purchases for the Czech Republic is an important economic indicator that measures changes in the prices of consumer goods and services, excluding certain volatile expenditures.
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 HICP Excluding Frequent Out-of-Pocket Purchases for the Czech Republic provides a more stable and representative measure of consumer inflation by removing the impact of products with high price volatility, such as energy and fresh food. This index is a key reference for policymakers and analysts in assessing the overall state of the Czech economy.
Methodology
The data is collected and calculated by Eurostat based on a harmonized methodology across EU member states.
Historical Context
This index is widely used by the European Central Bank and other institutions to guide monetary policy decisions.
Key Facts
- The HICP Excluding Frequent Out-of-Pocket Purchases for the Czech Republic uses a base year of 2015.
- This index excludes items like energy, food, alcohol, and tobacco, which are considered more volatile.
- The index is published monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) Excluding Frequent Out-of-Pocket Purchases for the Czech Republic measures changes in the prices of consumer goods and services, excluding certain volatile expenditures like energy and fresh food.
Q: Why is this trend relevant for users or analysts?
A: This index provides a more stable and representative measure of consumer inflation in the Czech Republic, which is crucial for policymakers and analysts in assessing the overall state of the economy and guiding monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by Eurostat based on a harmonized methodology across EU member states.
Q: How is this trend used in economic policy?
A: The HICP Excluding Frequent Out-of-Pocket Purchases for the Czech Republic is widely used by the European Central Bank and other institutions to guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly by Eurostat, with no significant update delays or limitations.
Related Trends
Infra-Annual Labor Statistics: Employment: Economic Activity: Construction: Total for Czechia
LFEACNTTCZA647N
Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Czech Republic
IRLTLT01CZQ156N
Producer Prices Index: Type of Goods: Consumer Goods: Domestic for Czech Republic
CZEPITGCG02GPM
Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Czech Republic
CCUSSP01CZQ650N
Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Czech Republic
CZECPHP0600GPM
Infra-Annual Labor Statistics: Employment Male: From 25 to 54 Years for Czechia
LFEM25MACZQ657N
Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Overall Index Excluding Frequent Out-of-Pocket Purchases for Czech Republic (00XFROCZM086NEST), retrieved from FRED.