Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Czechia
CZECP030000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.23
Year-over-Year Change
19.41%
Date Range
1/1/1995 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Czechia measures changes in the retail prices of a representative basket of apparel and shoe products. It is a key indicator of inflation and consumer spending trends.
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 Clothing and Footwear CPI is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a market basket of goods and services. It provides insight into inflationary pressures and consumer demand within the apparel and footwear sector.
Methodology
The Czech Statistical Office collects price data from a sample of retail outlets to calculate the Clothing and Footwear CPI.
Historical Context
Central banks and policymakers use the Clothing and Footwear CPI to guide monetary policy and understand consumer behavior.
Key Facts
- The base year for the Clothing and Footwear CPI in Czechia is 2015 = 100.
- Apparel accounts for the largest share of the Clothing and Footwear CPI basket.
- Czechia's Clothing and Footwear CPI reached a record high in 2022.
FAQs
Q: What does the Clothing and Footwear CPI measure?
A: The Clothing and Footwear CPI measures the average change in retail prices for a basket of apparel and shoe products in Czechia.
Q: Why is the Clothing and Footwear CPI relevant?
A: The Clothing and Footwear CPI provides insight into inflationary pressures and consumer spending trends within the apparel and footwear sector, which is important for economic analysis and policymaking.
Q: How is the Clothing and Footwear CPI data collected?
A: The Czech Statistical Office collects price data from a sample of retail outlets to calculate the Clothing and Footwear CPI.
Q: How is the Clothing and Footwear CPI used in economic policy?
A: Central banks and policymakers use the Clothing and Footwear CPI to guide monetary policy and understand consumer behavior.
Q: Are there any limitations or delays with the Clothing and Footwear CPI data?
A: The Clothing and Footwear CPI data is published on a monthly basis, but there may be slight delays in its release compared to the overall CPI.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Czechia (CZECP030000IXOBQ), retrieved from FRED.