Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for Czech Republic
CP8283CZM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.70
Year-over-Year Change
0.00%
Date Range
12/1/1999 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services in the Czech Republic measures the change in prices for these telecommunications goods and services over time. This metric is important for assessing inflation and consumer purchasing power in the Czech economy.
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 Telephone and Telefax Equipment and Services component specifically tracks price changes for items like cell phones, landline services, and internet access. This data helps economists and policymakers understand consumer behavior and price dynamics in the telecommunications sector.
Methodology
The HICP is calculated based on a representative basket of consumer goods and services, with prices collected across retail outlets.
Historical Context
The HICP is a key economic indicator used by the European Central Bank to guide monetary policy decisions.
Key Facts
- The HICP has a base year of 2015 = 100.
- Telecommunications is approximately 3% of the overall HICP basket in the Czech Republic.
- HICP data is released monthly by Eurostat.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Telephone and Telefax Equipment and Services in the Czech Republic measures the change in prices for these telecommunications goods and services over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing inflation and consumer purchasing power in the Czech economy, as telecommunications is a significant component of household spending.
Q: How is this data collected or calculated?
A: The HICP is calculated based on a representative basket of consumer goods and services, with prices collected across retail outlets.
Q: How is this trend used in economic policy?
A: The HICP is a key economic indicator used by the European Central Bank to guide monetary policy decisions in the Eurozone.
Q: Are there update delays or limitations?
A: HICP data is released monthly by Eurostat with minimal publication delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Telephone and Telefax Equipment and Services for Czech Republic (CP8283CZM086NEST), retrieved from FRED.