Harmonized Index of Consumer Prices: Other Services Relating to the Dwelling N.e.c. for Slovakia
CP0444SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
161.26
Year-over-Year Change
9.14%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Other Services Relating to the Dwelling N.e.c. (Not Elsewhere Classified) in Slovakia measures the prices of a basket of housing-related services. This trend is a key indicator of inflation for the Slovak economy.
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 Other Services Relating to the Dwelling N.e.c. component captures the costs of various household services not included in other HICP categories, providing insights into the overall cost of living.
Methodology
The data is collected through surveys of consumer prices and calculated using a weighted average of price changes.
Historical Context
Policymakers and market analysts track this HICP component to assess domestic price pressures and the overall health of the Slovak economy.
Key Facts
- The HICP is a key indicator used by the European Central Bank to monitor inflation.
- Slovakia adopted the euro as its currency in 2009.
- Housing-related services account for a significant portion of consumer spending.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Other Services Relating to the Dwelling N.e.c. measures the prices of a basket of housing-related services in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This HICP component provides insights into the overall cost of living in Slovakia and is used by policymakers and market analysts to assess domestic price pressures and the health of the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: The HICP for Other Services Relating to the Dwelling N.e.c. is a key indicator used by the European Central Bank to monitor inflation and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Other Services Relating to the Dwelling N.e.c. for Slovakia (CP0444SKM086NEST), retrieved from FRED.