Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Czech Republic
CZECPHP0700IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
134.80
Year-over-Year Change
-2.32%
Date Range
1/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for the Czech Republic measures changes in the prices of transportation goods and services for Czech consumers.
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 is part of the Harmonized Index of Consumer Prices (HICP), a key measure of inflation used by the European Central Bank to assess price stability. It reflects the costs of operating personal transport equipment, transport services, and other transportation expenditures.
Methodology
The data is collected through regular surveys of consumer prices in the Czech Republic.
Historical Context
The transport CPI is a critical indicator for policymakers and analysts monitoring Czech economic conditions and consumer spending.
Key Facts
- The base year for this index is 2015 = 100.
- Transport accounts for over 15% of the total Czech consumer price basket.
- The index is released monthly by the Czech Statistical Office.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of transportation goods and services purchased by consumers in the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: The transportation CPI is a key indicator of inflationary pressures and consumer spending in the Czech economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The transport CPI is used by the European Central Bank and Czech policymakers to assess inflation and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is released monthly with no significant publication delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Czech Republic (CZECPHP0700IXEBM), retrieved from FRED.