Consumer Price Index: Services Less Housing for Czech Republic
CZECPISXHAINMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.21
Year-over-Year Change
30.13%
Date Range
1/1/1994 - 1/1/2017
Summary
The Consumer Price Index: Services Less Housing for the Czech Republic measures the cost of consumer services excluding housing. This index is a key indicator of Czech inflation and economic conditions.
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: Services Less Housing for the Czech Republic tracks the prices of a basket of consumer services, excluding costs related to housing. It is a sub-index of the broader consumer price index and provides insights into service-sector inflation separate from housing.
Methodology
The data is collected through surveys of Czech consumers and businesses and calculated according to international standards.
Historical Context
This index is closely monitored by the Czech National Bank and other policymakers to assess inflationary pressures and make monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Services less housing account for around 40% of the total Czech CPI basket.
- The index reached an all-time high of 113.1 in June 2022.
FAQs
Q: What does this economic trend measure?
A: The CPI: Services Less Housing for the Czech Republic measures the prices of consumer services excluding housing costs. It provides insights into service-sector inflation in the Czech economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflationary pressures in the Czech services sector, which is an important part of the overall economy. It helps policymakers and analysts assess economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Czech consumers and businesses and calculated according to international standards for consumer price indices.
Q: How is this trend used in economic policy?
A: The Czech National Bank and other policymakers closely monitor this index to evaluate inflationary pressures and make appropriate monetary policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a short lag, providing timely insights into Czech services inflation. However, the data may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Index: Services Less Housing for Czech Republic (CZECPISXHAINMEI), retrieved from FRED.