Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Czechia
CZECPIENGQINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
174.13
Year-over-Year Change
32.15%
Date Range
1/1/1995 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Czechia measures the price changes of energy-related goods and services in the Czech economy. This key inflation indicator is closely monitored by policymakers and economists to assess energy market conditions and inform monetary policy decisions.
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 Energy CPI for Czechia is a subcomponent of the broader Consumer Price Index, a measure of the average change over time in the prices paid by consumers for a market basket of consumer goods and services. The Energy CPI specifically tracks price movements for electricity, gas, and other fuels, providing insight into energy cost inflation.
Methodology
The data is collected through regular surveys of consumer prices by the Czech Statistical Office.
Historical Context
Energy prices and inflation are critical inputs for the Czech National Bank in setting monetary policy to maintain price stability.
Key Facts
- Energy accounts for around 15% of the Czech consumer price basket.
- The Energy CPI reached a record high in 2022 due to global energy market disruptions.
- Czechia's central bank closely monitors the Energy CPI to guide interest rate decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Czechia measures changes in the prices of electricity, gas, and other fuels paid by Czech consumers.
Q: Why is this trend relevant for users or analysts?
A: The Energy CPI is a key indicator of energy cost inflation in Czechia, providing important insights for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The Czech National Bank closely monitors the Energy CPI to inform its monetary policy decisions and maintain price stability in the country.
Q: Are there update delays or limitations?
A: The Energy CPI data is published monthly with minimal delay, providing timely information on energy price inflation.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Czechia (CZECPIENGQINMEI), retrieved from FRED.