Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Slovak Republic
SVKCPHP0300GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.40
Year-over-Year Change
300.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Slovak Republic measures changes in the prices of clothing and footwear purchased by Slovak consumers. This index is a key indicator of consumer inflation and cost of living trends in Slovakia.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of consumer price inflation across European Union countries. The HICP Clothing and Footwear index specifically tracks price changes for a basket of apparel and shoe products that are representative of Slovak consumer purchases.
Methodology
The data is collected through surveys of retail establishments in Slovakia.
Historical Context
This index is used by policymakers and analysts to monitor inflationary pressures and guide monetary and fiscal policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Clothing and footwear account for around 4% of the Slovak consumer price basket.
- Prices for this category rose 3.2% year-over-year as of the latest data.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Slovak Republic measures changes in the prices of clothing and footwear purchased by consumers in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of consumer inflation and cost of living trends in Slovakia, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments in Slovakia.
Q: How is this trend used in economic policy?
A: This index is used by policymakers and analysts to monitor inflationary pressures and guide monetary and fiscal policy decisions in Slovakia.
Q: Are there update delays or limitations?
A: The index is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Clothing and Footwear (COICOP 03): Total for Slovak Republic (SVKCPHP0300GPM), retrieved from FRED.