EURUSD 1.1332 USDJPY 110.63 USDCAD 1.3148 EURCZK 25.640 USDCZK 22.616 EURPLN 4.3309 USDPLN 3.8230
EURUSD 1.1332 USDJPY 110.63 USDCAD 1.3148 EURCZK 25.640 USDCZK 22.616 EURPLN 4.3309 USDPLN 3.8230

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The CPI reflects the dynamics of the prices of the basket consumption goods

Country:CZ
Impact:medium
Current value:0
Last value:0
Change: 0 Loss
Minimum value: -0.5 (Nov 2008)
Maximum value: 1.8 (Jan 2012)
CPI (Consumer Price Index)

Rule of thumb

CPI data interpretation depends on the monetary policy of the Czech National Bank and market expectations, in respect to the real interest rates

The Consumer Price Index (CPI), popularly known as inflation, is one of the key factors that influences the monetary policy of the Czech Republic. The CPI indicator is published by the Czech Statistical Office, and it measures the price level of a selected basket containing representative products and services (about 710 items) in two compared periods. It reflects the changes of prices of such consumption goods as food, beverages, clothing, miscellaneous chemical goods, transport services, health and social care services and education.

 

Interpretation of CPI indicator is not straightforward, as inflationary pressure decreases the real interest rates – understood as the difference between the market interest rates and  inflation.

 

On the other hand, extremely low or negative inflation is far from being a sign  of economic health, as it is typically associated with stagnation and decreased demand for the consumption goods.

 

Depending on the monetary policy, increasing inflation may both lead to a decrease in the  demand for the Czech currency – when no changes of interest rates are expected, or increase the demand – when higher inflation is associated with expectation of higher interest rates. 

 

Periodicity of publication

The CPI is published every month by the Czech Statistical Office.

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