Harmonized Index of Consumer Prices: Services for the Maintenance and Repair of the Dwelling for Slovakia
CP0432SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
216.02
Year-over-Year Change
7.09%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Services for the Maintenance and Repair of the Dwelling measures changes in the prices paid by consumers in Slovakia for services related to maintaining and repairing their homes. This metric is a key indicator of inflation in the household services sector.
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 HICP is a standardized measure of consumer price inflation across European Union countries. The Services for the Maintenance and Repair of the Dwelling component tracks the cost of services like plumbing, electrical work, and other home maintenance activities. This index is used by policymakers to assess price pressures and cost-of-living trends.
Methodology
The data is collected through a nationwide survey of consumer prices by Slovenia's statistical agency.
Historical Context
The HICP is a crucial input for the European Central Bank's monetary policy decisions.
Key Facts
- The base year for the HICP is 2015 = 100.
- Slovakia joined the Eurozone in 2009.
- Housing-related services account for about 4% of the Slovak consumer price index.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Services for the Maintenance and Repair of the Dwelling measures changes in the prices paid by consumers in Slovakia for home maintenance and repair services.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation in the household services sector and is used by policymakers to assess price pressures and cost-of-living trends.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by Slovenia's statistical agency.
Q: How is this trend used in economic policy?
A: The HICP is a crucial input for the European Central Bank's monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published on a monthly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services for the Maintenance and Repair of the Dwelling for Slovakia (CP0432SKM086NEST), retrieved from FRED.