Consumer Price Index: All Items: Total for Czech Republic
CZECPALTT01IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
148.20
Year-over-Year Change
7.31%
Date Range
1/1/1991 - 11/1/2023
Summary
The Consumer Price Index (CPI) for All Items measures the changes in the prices paid by consumers in the Czech Republic for a basket of goods and services. It is a key indicator of inflation and the overall cost of living.
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 All Items in the Czech Republic is a comprehensive measure of the average change in prices paid by consumers for a fixed market basket of goods and services. It is used to track inflation and guide monetary policy decisions.
Methodology
The Czech Statistical Office collects and aggregates price data from a sample of retail outlets to calculate the CPI.
Historical Context
Policymakers and analysts use the Czech CPI to assess the state of the economy and inform decisions on interest rates and other economic policies.
Key Facts
- The CPI is measured monthly by the Czech Statistical Office.
- The CPI basket includes over 700 individual goods and services.
- The CPI is a widely used benchmark for cost-of-living adjustments.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for All Items in the Czech Republic measures the average change in prices paid by consumers for a fixed basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Czech CPI is a key indicator of inflation and the overall cost of living, which is crucial for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a sample of retail outlets and aggregates it to calculate the CPI.
Q: How is this trend used in economic policy?
A: Policymakers use the Czech CPI to assess inflationary pressures and inform decisions on interest rates and other economic policies.
Q: Are there update delays or limitations?
A: The Czech CPI is published monthly, with a typical lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Czech Republic (CZECPALTT01IXNBM), retrieved from FRED.