Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Slovakia
CP0723SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
178.64
Year-over-Year Change
8.75%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of Personal Transport Equipment in Slovakia tracks changes in the prices of services related to maintaining and repairing personal vehicles. This data is crucial for economists and policymakers to understand the inflation dynamics in the transport 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 comprehensive measure of consumer price inflation in the European Union. The Maintenance and Repair of Personal Transport Equipment index specifically monitors price changes for services like routine car maintenance, auto repairs, and other vehicle upkeep costs. This provides valuable insights into a key component of household spending.
Methodology
The data is collected through a survey of consumers and businesses by the Statistical Office of the Slovak Republic.
Historical Context
The HICP is used by the European Central Bank to assess price stability and guide monetary policy decisions.
Key Facts
- The index has a base year of 2015 = 100.
- Prices are measured monthly and reported as year-over-year percent changes.
- Slovakia joined the Eurozone in 2009.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Maintenance and Repair of Personal Transport Equipment in Slovakia tracks changes in the prices of services related to maintaining and repairing personal vehicles.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into a key component of household spending and helps economists and policymakers understand inflation dynamics in the transport sector.
Q: How is this data collected or calculated?
A: The data is collected through a survey of consumers and businesses by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The HICP is used by the European Central Bank to assess price stability and guide monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Maintenance and Repair of Personal Transport Equipment for Slovakia (CP0723SKM086NEST), retrieved from FRED.