Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Czechia
CZECPGRSE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.76
Year-over-Year Change
-19.70%
Date Range
1/1/1996 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services in Czechia measures changes in the prices of a basket of consumer services, providing insights into 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 Services in Czechia is a key economic indicator that tracks the prices of various consumer services, including housing, transportation, healthcare, and entertainment. It is used to assess changes in the overall cost of living and can inform monetary policy decisions.
Methodology
The Czech Statistical Office collects price data from a representative sample of service providers to calculate the CPI for Services.
Historical Context
The CPI for Services is monitored by policymakers, businesses, and consumers to understand inflationary pressures and the affordability of living in Czechia.
Key Facts
- The base year for the CPI for Services in Czechia is 2015.
- Services account for approximately 50% of the overall consumer price basket in Czechia.
- The CPI for Services is published monthly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Czechia measures changes in the prices of a basket of consumer services, providing insights into inflation and cost-of-living trends.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Services is a key indicator used by policymakers, businesses, and consumers to understand inflationary pressures and the affordability of living in Czechia.
Q: How is this data collected or calculated?
A: The Czech Statistical Office collects price data from a representative sample of service providers to calculate the CPI for Services.
Q: How is this trend used in economic policy?
A: The CPI for Services is monitored by policymakers to inform monetary policy decisions and assess the overall cost-of-living in Czechia.
Q: Are there update delays or limitations?
A: The CPI for Services is published monthly by the Czech Statistical Office with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Czechia (CZECPGRSE01GYM), retrieved from FRED.