Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Czech Republic
CZECP040000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
-77.99%
Date Range
2/1/1995 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels (COICOP 04) measures the change in prices of these essential goods and services in the Czech Republic. This indicator provides critical insights into inflationary pressures and household living costs.
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 CZECP040000GPM series tracks the overall price changes for a broad basket of housing-related goods and services in the Czech Republic. This index is a key component of the national CPI and is closely monitored by policymakers and economists to assess cost-of-living trends and their impact on consumer spending and the broader economy.
Methodology
The data is collected through comprehensive surveys of prices paid by Czech households.
Historical Context
Trends in the CPI Housing index are closely analyzed to inform monetary policy decisions and guide economic forecasting.
Key Facts
- The CPI Housing index accounts for over 20% of the total Czech CPI basket.
- Housing costs make up the largest expenditure category for most Czech households.
- Volatile energy prices are a major driver of fluctuations in the CPI Housing index.
FAQs
Q: What does this economic trend measure?
A: The CZECP040000GPM series tracks changes in the prices of housing, water, electricity, gas, and other fuels in the Czech Republic. It is a key component of the national Consumer Price Index (CPI).
Q: Why is this trend relevant for users or analysts?
A: The CPI Housing index provides critical insights into inflationary pressures and the cost of living for Czech households. It is closely monitored by policymakers, economists, and market analysts to assess economic conditions and guide policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive surveys of prices paid by Czech households for a broad basket of housing-related goods and services.
Q: How is this trend used in economic policy?
A: Trends in the CPI Housing index are analyzed by the Czech National Bank and other institutions to inform monetary policy decisions and guide economic forecasting.
Q: Are there update delays or limitations?
A: The CPI Housing data is published monthly with a relatively short lag, allowing for timely analysis of inflationary pressures. However, the index may not fully capture regional variations or specific household circumstances.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Czech Republic (CZECP040000GPM), retrieved from FRED.