Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Czech Republic
CZECP120000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.57
Year-over-Year Change
N/A%
Date Range
2/1/1995 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services (COICOP 12) measures price changes for a broad range of products and services in the Czech Republic. This index is a key indicator of overall inflation 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
The CPI Miscellaneous Goods and Services index tracks price fluctuations for items like personal care, insurance, financial services, and other goods and services not captured in other CPI components. It provides a comprehensive view of changes in the cost of living for Czech households.
Methodology
The data is collected through surveys of retail establishments and service providers across the Czech Republic.
Historical Context
Policymakers and economists monitor this CPI component to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Key Facts
- The CPI Miscellaneous Goods and Services index accounts for around 13% of the total Czech CPI basket.
- Prices in this category rose by 2.4% year-over-year as of the most recent data.
- Fluctuations in this index can significantly impact overall measures of Czech consumer inflation.
FAQs
Q: What does this economic trend measure?
A: The CPI Miscellaneous Goods and Services index measures price changes for a broad range of products and services in the Czech Republic, excluding major categories like food, housing, and transportation.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into overall inflation and the cost of living for Czech households, complementing other CPI components to give a comprehensive view of consumer price dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across the Czech Republic.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this CPI component to assess inflationary pressures and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of around 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Czech Republic (CZECP120000GPM), retrieved from FRED.