Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Slovak Republic
SVKCP090000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.07
Year-over-Year Change
-34.97%
Date Range
1/1/2003 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Recreation and Culture in Slovakia measures changes in the prices of recreational and cultural goods and services. This metric is important for assessing consumer inflation and cost-of-living trends.
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 Recreation and Culture CPI is a component of the overall Consumer Price Index, which is a key economic indicator used to track and manage inflation. This specific index focuses on the prices of items like entertainment, sports equipment, books, and other cultural products.
Methodology
The data is collected through surveys of retail establishments and service providers throughout Slovakia.
Historical Context
Policymakers and economists closely monitor CPI trends to inform monetary and fiscal policy decisions.
Key Facts
- The CPI for Recreation and Culture accounts for about 8% of the overall Slovak CPI basket.
- Prices in this category increased by 2.5% over the past year.
- Recreation and culture spending makes up a significant portion of household budgets in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Recreation and Culture in Slovakia measures changes in the prices of recreational goods, entertainment, and cultural services.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into inflation and cost-of-living pressures facing Slovak consumers, which is crucial information for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Slovakia.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor CPI trends, including the Recreation and Culture component, to inform monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a short lag, providing timely information on price changes.
Related Trends
Harmonized Index of Consumer Prices: Sugar, Jam, Honey, Chocolate and Confectionery for Slovakia
CP0118SKM086NEST
Production: Industry: Total Industry Excluding Construction for Slovak Republic
PRINTO01SKA657S
Business Tendency Surveys: Employment: Economic Activity: Services: Tendency for Slovak Republic
BVEMTE02SKM460S
Infra-Annual Labor Statistics: Employment Rate Total: 15 Years or over for Slovak Republic
LREMTTTTSKA156N
Producer Prices Index: Economic Activities: Manufacture of Food Products: Total for Slovak Republic
PIEAFD01SKM661N
Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 15 to 64 Years for Slovak Republic
LRAC64FESKQ156S
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Recreation and Culture for Slovak Republic (SVKCP090000GYQ), retrieved from FRED.