Harmonized Index of Consumer Prices: Tobacco for Czech Republic
CP0220CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
186.80
Year-over-Year Change
7.23%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices for Tobacco in the Czech Republic measures price changes over time for tobacco products, a key indicator of consumer inflation in this sector.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation across European Union countries. The Tobacco HICP specifically tracks prices for cigarettes, cigars, and other tobacco goods, providing insights into a crucial component of household expenditures.
Methodology
The Czech Statistical Office collects price data from a representative sample of retail outlets to calculate the HICP for Tobacco.
Historical Context
Policymakers and analysts use the Tobacco HICP to assess inflationary pressures and guide fiscal and monetary policies.
Key Facts
- Tobacco products account for over 2% of the Czech consumer price index basket.
- Tobacco HICP in the Czech Republic has risen by an average of 3.5% annually over the past decade.
- Excise taxes make up a significant portion of tobacco retail prices in the Czech Republic.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices for Tobacco in the Czech Republic measures price changes over time for cigarettes, cigars, and other tobacco products.
Q: Why is this trend relevant for users or analysts?
A: The Tobacco HICP provides insights into a crucial component of household expenditures and helps policymakers and analysts assess inflationary pressures in the Czech economy.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a representative sample of retail outlets to calculate the HICP for Tobacco.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Tobacco HICP to guide fiscal and monetary policies aimed at managing inflation in the Czech Republic.
Q: Are there update delays or limitations?
A: The Tobacco HICP data is published monthly with a typical 1-2 month lag, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Tobacco for Czech Republic (CP0220CZM086NEST), retrieved from FRED.