Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Czech Republic
CZECP120000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
142.10
Year-over-Year Change
6.04%
Date Range
1/1/1995 - 11/1/2023
Summary
The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12) measures the price changes of a broad basket of consumer goods and services in the Czech Republic. This key economic indicator provides insights into inflation pressures and consumer spending patterns.
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 COICOP 12 index tracks price fluctuations across a diverse range of products and services, including personal care, insurance, financial services, and other miscellaneous items. It is a valuable tool for economists and policymakers to assess the overall cost of living and inflationary trends in the Czech economy.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated using a weighted average of price changes.
Historical Context
The COICOP 12 index is closely monitored by the Czech National Bank and other economic institutions to inform monetary policy decisions and economic forecasting.
Key Facts
- The COICOP 12 index accounts for approximately 13% of the total Czech Consumer Price Index.
- Prices in the Miscellaneous Goods and Services category have risen by an average of 2.5% annually over the past decade.
- The COICOP 12 index is published monthly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12) measures the price changes of a broad basket of consumer goods and services in the Czech Republic, including personal care, insurance, financial services, and other miscellaneous items.
Q: Why is this trend relevant for users or analysts?
A: The COICOP 12 index is a key economic indicator that provides insights into inflation pressures and consumer spending patterns in the Czech Republic, making it highly relevant for economists, policymakers, and market analysts.
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 price changes.
Q: How is this trend used in economic policy?
A: The COICOP 12 index is closely monitored by the Czech National Bank and other economic institutions to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The COICOP 12 index is published monthly by the Czech Statistical Office, with no significant update delays or limitations.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Czech Republic (CZECP120000IXNBM), retrieved from FRED.