|Unit||Index 2015=100, NSA|
|Adjustments||Not Seasonally Adjusted|
Consumer price index for the Czech Republic and subnational aras detailed by CZ-COICOP. Monthly from 2001.
In general, inflation is the growth of price level over a certain period of time. As a statistical concept, inflation is based on measuring net changes in prices using consumer price indices (CPI). Price indices measure the price level of a selected basket containing representative products and services (about 710 items) in two compared periods. The weights of individual price representatives in the consumer basket correspond to the share of a given kind of consumption which they represent in total household consumption. The consumer basket comprises foodstuffs (food, beverages and tobacco), other goods (clothing, furniture, household utensils, miscellaneous chemist's and small articles, goods for transport and leisure, personal care goods, etc.) and services (in the areas of repair, housing, household running, health and social care, transport, leisure, education, catering and accommodation, personal care and financial services).
The correct interpretation of the indices depend on the period in question. The consumer price index are often given figures which are different but both correct when explaining the rate of inflation. The commonly used inflation rates are 1) the inflation rate as an increase in the average annual CPI 2) inflation rate as an increase in CPI compared to the corresponding month in the previous year 3) inflation rate as an increase in CPI in relation to the previous month, and 4) inflation rate as an increase in CPI compared with the base year.
The classification used for this release is CZ-COICOP, which is a localization of UN-COICOP.
Revisions should not be expected on this release.
A full English-language methodology is attached to each monthly press release.