Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Czech Republic
CPGREN01CZM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.06
Year-over-Year Change
-98.88%
Date Range
2/1/1995 - 11/1/2023
Summary
The Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Czech Republic tracks changes in the cost of energy-related goods and services in the Czech Republic. It is a key indicator of inflationary pressures and consumer purchasing power.
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 price changes of a basket of energy-related items, including fuel, electricity, and gasoline, which are essential for households and businesses in the Czech Republic. It provides insights into the country's energy inflation and is used by policymakers and analysts to assess economic conditions.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated using a weighted average of energy-related categories.
Historical Context
The energy CPI is closely monitored by the Czech National Bank and other government agencies to inform monetary and fiscal policies.
Key Facts
- The energy CPI accounts for approximately 15% of the total Czech consumer price index.
- Energy prices in the Czech Republic have risen by an average of 3% annually over the past decade.
- The Czech Republic's energy CPI reached a record high in 2022 due to global supply chain disruptions and the Russia-Ukraine conflict.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Czech Republic measures the changes in prices for a basket of energy-related goods and services in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This energy-focused CPI is a crucial indicator of inflationary pressures and consumer purchasing power in the Czech Republic, providing insights that inform economic policy and business decision-making.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated using a weighted average of energy-related categories.
Q: How is this trend used in economic policy?
A: The Czech National Bank and other government agencies closely monitor the energy CPI to inform monetary and fiscal policies aimed at managing inflation and supporting economic growth.
Q: Are there update delays or limitations?
A: The energy CPI data is published monthly with a typical release lag of 2-3 weeks. The data may be subject to minor revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Czech Republic (CPGREN01CZM657N), retrieved from FRED.