Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Czech Republic
CPGREN01CZA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.93
Year-over-Year Change
577.91%
Date Range
1/1/1996 - 1/1/2022
Summary
The Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Czech Republic tracks the cost of energy-related goods and services in the Czech Republic. This is a key economic indicator used to monitor inflation and consumer spending.
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
This index measures the change in prices for a basket of energy-related goods and services, including fuel, electricity, and gasoline. It is part of the OECD's harmonized index of consumer prices and provides insights into energy costs faced by Czech consumers.
Methodology
The data is collected through surveys of businesses and households and calculated according to OECD standards.
Historical Context
This energy price index is used by policymakers, economists, and market analysts to assess the broader economic conditions and inflationary pressures in the Czech Republic.
Key Facts
- The index has a base year of 2015.
- Energy accounts for about 15% of the Czech consumer price basket.
- Prices have risen over 30% since 2015.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices for a basket of energy-related goods and services, including fuel, electricity, and gasoline, in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The energy price index provides important insights into inflationary pressures and consumer spending in the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households and calculated according to OECD standards.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this energy price index to assess broader economic conditions and inflationary pressures in the Czech Republic.
Q: Are there update delays or limitations?
A: The index is updated monthly with a short publication delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Czech Republic (CPGREN01CZA657N), retrieved from FRED.