Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Czech Republic
CP0121CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
156.80
Year-over-Year Change
21.93%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa in the Czech Republic measures changes in the prices paid by consumers for these products over time. This metric is important for economists and policymakers to track 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 HICP is a standardized measure of consumer price inflation across European Union countries. The Coffee, Tea and Cocoa index specifically tracks price fluctuations in these key consumer goods, providing insights into broader trends in the Czech retail market.
Methodology
The data is collected through regular consumer price surveys conducted by the Czech Statistical Office.
Historical Context
HICP data is used by the European Central Bank and national governments to inform monetary and fiscal policies.
Key Facts
- The HICP is a key economic indicator for the European Union.
- Coffee, tea and cocoa account for a notable share of Czech consumer spending.
- HICP data helps policymakers monitor and respond to inflationary pressures.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Coffee, Tea and Cocoa in the Czech Republic tracks changes in the prices paid by consumers for these products.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into broader inflationary trends and consumer spending patterns in the Czech retail market, which is useful for economists and policymakers.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: HICP data is used by the European Central Bank and national governments to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis, with some potential delays in data reporting.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Coffee, Tea and Cocoa for Czech Republic (CP0121CZM086NEST), retrieved from FRED.