Consumer Price Index: OECD Groups: Services Less Housing: Total for Czech Republic
CZECPGRLH01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.00
Year-over-Year Change
-100.00%
Date Range
2/1/1994 - 11/1/2023
Summary
The Consumer Price Index: OECD Groups: Services Less Housing: Total for the Czech Republic measures the inflation rate for services excluding housing. This key economic indicator helps policymakers and analysts understand domestic price pressures.
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
This index tracks changes in the prices of services, excluding housing, that Czech consumers purchase. It is a subcomponent of the broader Czech consumer price index and provides insight into inflationary trends in the services sector of the economy.
Methodology
The data is collected through surveys of consumer prices and calculated as an index by the Czech Statistical Office.
Historical Context
Policymakers use this indicator to assess domestic price dynamics and inform monetary policy decisions.
Key Facts
- Services account for over 50% of the Czech CPI basket.
- Inflation in services tends to be more persistent than goods.
- The Czech central bank closely monitors this indicator.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the prices of services, excluding housing, purchased by consumers in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The services sector CPI is an important gauge of domestic inflationary pressures, which helps policymakers assess the overall state of the economy.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys and calculated as an index by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this indicator to monitor domestic price dynamics and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Services Less Housing: Total for Czech Republic (CZECPGRLH01GPM), retrieved from FRED.