Harmonized Index of Consumer Prices: Audio-Visual, Photographic and Information Processing Equipment for Slovakia
CP0910SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94.23
Year-over-Year Change
-0.11%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Audio-Visual, Photographic and Information Processing Equipment measures changes in the prices paid by consumers in Slovakia for these products over time. This metric is a key indicator for economists and policymakers monitoring price trends and consumer spending.
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 inflation used across the European Union to track changes in the cost of a basket of consumer goods and services. The Audio-Visual, Photographic and Information Processing Equipment component specifically captures price movements for items like TVs, cameras, and computers.
Methodology
The data is collected through surveys of consumer prices by the Slovak Statistical Office.
Historical Context
Trends in this HICP component provide insights into technology affordability and consumer demand, which are relevant for policymakers and market analysts.
Key Facts
- The HICP is harmonized across EU member states for comparability.
- Audio-visual, photographic and IT equipment accounts for about 3% of the Slovak consumer price index basket.
- Prices for these products have generally fallen in recent decades due to technological advancements.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Audio-Visual, Photographic and Information Processing Equipment measures changes in the prices paid by consumers in Slovakia for these products over time.
Q: Why is this trend relevant for users or analysts?
A: Trends in this HICP component provide insights into technology affordability and consumer demand, which are relevant for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: This HICP metric is used by economists and policymakers to monitor price trends and consumer spending patterns in Slovakia and across the European Union.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Audio-Visual, Photographic and Information Processing Equipment for Slovakia (CP0910SKM086NEST), retrieved from FRED.