Harmonized Index of Consumer Prices: Non-Durable Household Goods for Czech Republic
CP0561CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118.40
Year-over-Year Change
-0.92%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Non-Durable Household Goods for the Czech Republic measures the price changes of non-durable household items consumed by Czech residents. This metric is a key indicator of consumer inflation and purchasing power.
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 inflation used across the European Union. The Non-Durable Household Goods component tracks price fluctuations for disposable consumer goods that are typically replaced frequently, such as cleaning supplies, personal care items, and paper products.
Methodology
The Czech Statistical Office collects retail price data from a representative sample of businesses to calculate this HICP sub-index.
Historical Context
Central banks and economic policymakers closely monitor HICP trends to gauge overall price stability and the real purchasing power of consumers.
Key Facts
- HICP is a standardized metric used across the European Union.
- Non-durable household goods account for a significant portion of Czech consumer spending.
- Central banks closely track HICP trends to assess price stability.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Non-Durable Household Goods for the Czech Republic measures changes in the prices of disposable consumer goods that are frequently replaced, such as cleaning supplies and personal care items.
Q: Why is this trend relevant for users or analysts?
A: This HICP sub-index is a key indicator of consumer inflation and purchasing power in the Czech Republic, providing important insights for economic policymakers and analysts.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects retail price data from a representative sample of businesses to calculate this HICP sub-index.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor HICP trends to gauge overall price stability and the real purchasing power of consumers, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is typically published with a short lag, and the methodology is standardized across the European Union to ensure comparability.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Non-Durable Household Goods for Czech Republic (CP0561CZM086NEST), retrieved from FRED.