Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Czechia
CPALTT01CZM659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.85
Year-over-Year Change
-35.18%
Date Range
1/1/1992 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Czechia measures the overall change in prices for a basket of consumer goods and services. It is a key indicator of inflation and a crucial metric for policymakers and economists.
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 CPI for Czechia is a comprehensive measure of the cost of living, reflecting changes in the prices paid by consumers for a representative basket of goods and services. It is widely used to assess and manage inflation, guide monetary policy, and inform economic decision-making.
Methodology
The Czech Statistical Office collects price data from a sample of retail outlets and service providers to calculate the CPI.
Historical Context
The CPI is a crucial input for the Czech National Bank's monetary policy decisions and is closely watched by financial markets.
Key Facts
- The CPI for Czechia uses 2015 as the base year.
- Czechia joined the European Union in 2004.
- The Czech National Bank targets an inflation rate of 2%.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Czechia measures the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a crucial indicator of inflation and cost of living in Czechia, informing monetary policy, economic analysis, and consumer behavior.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of retail outlets and service providers to calculate the CPI.
Q: How is this trend used in economic policy?
A: The CPI is a key input for the Czech National Bank's monetary policy decisions and is closely monitored by financial markets and policymakers.
Q: Are there update delays or limitations?
A: The CPI for Czechia is published monthly with a typical delay of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Czechia (CPALTT01CZM659N), retrieved from FRED.