National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Czech Republic
Annual
CZEIMPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,122,004,000,000.00
Year-over-Year Change
105.29%
Date Range
1/1/1995 - 1/1/2022
Summary
The Annual Import Prices Index measures changes in the cost of imported goods and services to the Czech Republic. This metric is closely monitored by economists and policymakers to assess the nation's international trade and competitiveness.
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 Annual Import Prices Index tracks the prices of a representative basket of goods and services imported into the Czech Republic. It is a key economic indicator used to understand the inflationary pressures and purchasing power dynamics related to international trade.
Methodology
The data is collected through surveys of importers and customs records by the Czech Statistical Office.
Historical Context
The index is a crucial input for the Czech National Bank and other government agencies in setting monetary and trade policies.
Key Facts
- The base year for the index is 2015 = 100.
- Prices are measured in the local Czech koruna currency.
- The index covers a broad range of imported goods and services.
FAQs
Q: What does this economic trend measure?
A: The Annual Import Prices Index measures changes in the prices of goods and services imported into the Czech Republic.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of the Czech Republic's international trade dynamics and inflationary pressures from imports.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and customs records by the Czech Statistical Office.
Q: How is this trend used in economic policy?
A: The Annual Import Prices Index is a key input for the Czech National Bank and other government agencies in setting monetary and trade policies.
Q: Are there update delays or limitations?
A: The index is published annually with a delay of several months after the end of the reference year.
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Citation
U.S. Federal Reserve, Annual Import Prices Index (CZEIMPORTADSMEI), retrieved from FRED.