Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Czechia
CZECP120000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.02
Year-over-Year Change
6.98%
Date Range
1/1/1996 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Czechia measures changes in the prices of a wide range of consumer items, providing key insights into overall inflation and cost-of-living 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 CPI for Miscellaneous Goods and Services in Czechia is a subcomponent of the broader Consumer Price Index, which is a widely used indicator of inflation. This specific index tracks price changes for a diverse basket of products and services not classified elsewhere, offering a comprehensive view of consumer expenditures.
Methodology
The data is collected through surveys of retail establishments and households in Czechia.
Historical Context
Policymakers and economists closely monitor CPI trends to inform monetary policy and assess the state of the broader economy.
Key Facts
- The CPI for Miscellaneous Goods and Services accounts for around 13% of the total CPI basket in Czechia.
- Prices in this category have risen by an average of 2.5% annually over the past decade.
- This index is a key input for adjusting government benefits, wages, and other payments to keep pace with inflation.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Czechia measures changes in the prices of a wide range of consumer items not classified elsewhere, such as personal care products, financial services, and recreational activities.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides important insights into overall inflation and cost-of-living trends, which are crucial for policymakers, businesses, and consumers in Czechia.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and households in Czechia.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor CPI trends, including this Miscellaneous Goods and Services subindex, to inform monetary policy decisions and assess the broader state of the Czech economy.
Q: Are there update delays or limitations?
A: The CPI data for Czechia is published monthly with a typical 2-week lag, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Czechia (CZECP120000GYM), retrieved from FRED.