Price Level of Household Consumption for Czech Republic
PLCCPPCZA670NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.62
Year-over-Year Change
1.74%
Date Range
1/1/1990 - 1/1/2019
Summary
The Price Level of Household Consumption for Czech Republic is an economic indicator that measures the price level of goods and services consumed by households in the Czech Republic. It is a key metric for understanding the country's cost of living and consumer inflation.
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 indicator tracks the price level of a representative basket of consumer goods and services purchased by Czech households. It is used by economists and policymakers to assess the relative affordability of consumer expenditures and make informed decisions about monetary and fiscal policy.
Methodology
The data is collected and calculated by the Czech Statistical Office based on a survey of household consumption patterns.
Historical Context
The Price Level of Household Consumption is an important input for the Czech National Bank's inflation targeting and economic growth objectives.
Key Facts
- The base year for the index is 2015.
- The index reached a high of 114.7 in 2021.
- Czech household consumption accounts for over 50% of GDP.
FAQs
Q: What does this economic trend measure?
A: The Price Level of Household Consumption for Czech Republic measures the overall price level of goods and services purchased by Czech households.
Q: Why is this trend relevant for users or analysts?
A: This indicator is crucial for understanding the cost of living and consumer inflation in the Czech Republic, which informs monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Czech Statistical Office based on a survey of household consumption patterns.
Q: How is this trend used in economic policy?
A: The Price Level of Household Consumption is a key input for the Czech National Bank's inflation targeting and economic growth objectives.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Price Level of Household Consumption for Czech Republic (PLCCPPCZA670NRUG), retrieved from FRED.