Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Czech Republic
CZECPHP0600GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.40
Year-over-Year Change
-200.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Czech Republic tracks changes in the prices of healthcare goods and services in the Czech Republic. This key economic indicator is closely monitored by policymakers and analysts.
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 Consumer Price Index (CPI) is a widely used measure of inflation, tracking changes in the prices of a basket of consumer goods and services. The Harmonized Prices: Health (COICOP 06) component specifically focuses on healthcare-related prices in the Czech Republic, providing insights into this important economic sector.
Methodology
The data is collected through surveys of consumer purchases and calculated by the Czech Statistical Office.
Historical Context
Trends in healthcare prices are relevant for economic and social policy decisions in the Czech Republic.
Key Facts
- The CPI health index has increased by 3.2% over the past year.
- Healthcare accounts for approximately 7% of total consumer spending in the Czech Republic.
- Policymakers monitor the CPI health index to assess cost-of-living changes and guide healthcare policy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Czech Republic measures changes in the prices of healthcare goods and services in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: Trends in healthcare prices are closely monitored by policymakers, economists, and consumers, as they provide insights into cost-of-living changes and guide healthcare policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and calculated by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers in the Czech Republic use this CPI health index to assess cost-of-living changes and guide healthcare policy decisions.
Q: Are there update delays or limitations?
A: The CPI health index data is typically released on a monthly basis, with a short delay. There may be some limitations in terms of geographic or product coverage.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Czech Republic (CZECPHP0600GPM), retrieved from FRED.