Harmonized Index of Consumer Prices: Education for Slovakia
CP1000SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
163.47
Year-over-Year Change
9.97%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Education in Slovakia measures changes in the prices paid by consumers for educational goods and services. This key economic indicator helps assess inflation and cost-of-living trends.
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. The Education component tracks prices for tuition, school supplies, and other education-related expenditures, providing insights into the affordability of education for Slovak households.
Methodology
The data is collected through surveys of consumer prices and calculated according to Eurostat's HICP methodology.
Historical Context
Policymakers use this HICP trend to inform decisions on education funding, subsidies, and cost-of-living adjustments.
Key Facts
- HICP measures changes in consumer prices across the EU.
- Education is one of the major components of the HICP basket.
- The Education HICP for Slovakia was 104.91 in January 2023.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Education in Slovakia measures changes in the prices paid by consumers for educational goods and services.
Q: Why is this trend relevant for users or analysts?
A: This HICP trend provides insights into the affordability of education for Slovak households, which is crucial information for policymakers, educators, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and calculated according to Eurostat's standardized HICP methodology.
Q: How is this trend used in economic policy?
A: Policymakers use this HICP trend to inform decisions on education funding, subsidies, and cost-of-living adjustments for Slovak households.
Q: Are there update delays or limitations?
A: The HICP data is published monthly by Eurostat, with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Education for Slovakia (CP1000SKM086NEST), retrieved from FRED.