Harmonized Index of Consumer Prices: Education for Czech Republic
CP1000CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
147.90
Year-over-Year Change
11.20%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Education measures price changes in educational goods and services in the Czech Republic. It is a key economic indicator used to assess inflation and the cost of living.
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 Education in the Czech Republic tracks the prices paid by consumers for a basket of educational products and services, including tuition fees, textbooks, and other school supplies. This index is an important tool for policymakers and economists to understand trends in the education sector and their impact on the overall cost of living.
Methodology
The data is collected through a nationwide survey of consumers and businesses.
Historical Context
The HICP for Education is used by the Czech government and the European Central Bank to monitor price stability and inform economic policy decisions.
Key Facts
- The HICP for Education has a base year of 2015.
- Education accounts for approximately 3% of the total HICP basket in the Czech Republic.
- Prices for education have risen by 10% in the Czech Republic over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Education measures the changes in prices paid by consumers for educational goods and services in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The HICP for Education is an important indicator of inflation and the cost of living in the education sector, which is crucial for policymakers, economists, and households to understand.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumers and businesses by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The HICP for Education is used by the Czech government and the European Central Bank to monitor price stability and inform economic policy decisions, such as adjustments to education funding or subsidies.
Q: Are there update delays or limitations?
A: The HICP for Education data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Education for Czech Republic (CP1000CZM086NEST), retrieved from FRED.