Harmonized Index of Consumer Prices: Books for Czech Republic
CP0951CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.00
Year-over-Year Change
3.24%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Books in the Czech Republic measures the change in consumer prices for books and related publications. This economic indicator is critical for assessing inflation and the cost of living in the Czech market.
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 for Books in the Czech Republic is a key component of the broader HICP, which is the primary metric used by the European Union to track consumer price inflation. The Books subindex provides detailed insights into price changes for this important consumer product category.
Methodology
The Czech Statistical Office collects retail price data from a representative sample of outlets to calculate the HICP for Books on a monthly basis.
Historical Context
Policymakers and economists closely monitor the HICP Books trend to understand consumer behavior and inflationary pressures in the Czech economy.
Key Facts
- The HICP for Books has a weight of 0.31% in the overall Czech HICP basket.
- Prices for Books have increased by an average of 2.5% annually over the past decade in the Czech Republic.
- The Books subindex is part of the broader HICP Goods category, which makes up 57% of the total Czech HICP.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Books in the Czech Republic measures the change in consumer prices for books and related publications over time.
Q: Why is this trend relevant for users or analysts?
A: The HICP Books trend provides important insights into inflationary pressures and consumer behavior in the Czech market, which is crucial information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects retail price data from a representative sample of outlets to calculate the monthly HICP for Books.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor the HICP Books trend, along with other HICP subindices, to assess overall inflation and make informed decisions on monetary policy.
Q: Are there update delays or limitations?
A: The HICP for Books in the Czech Republic is published monthly with a lag of approximately one month, providing timely data for economic analysis.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Books for Czech Republic (CP0951CZM086NEST), retrieved from FRED.