Consumer Price Index: All Items: Total for Slovak Republic
CPALTT01SKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.53
Year-over-Year Change
168.72%
Date Range
1/1/1992 - 1/1/2023
Summary
The Consumer Price Index (CPI) for All Items measures changes in the average price level of a fixed basket of consumer goods and services purchased by Slovak households. It is a key indicator of inflation and a widely used metric for economic analysis and policy decisions.
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 CPI for All Items is a comprehensive measure of the average change in prices paid by consumers in Slovakia for a representative basket of goods and services. It is used to track and analyze the rate of inflation, assess purchasing power, and inform monetary and fiscal policy decisions.
Methodology
The CPI is calculated by the Statistical Office of the Slovak Republic based on a survey of prices from a sample of retail outlets and service providers.
Historical Context
The CPI is a crucial input for the Slovak National Bank's monetary policy decisions and is closely monitored by economists, policymakers, and market analysts.
Key Facts
- The CPI base year is 2015.
- Slovakia joined the Eurozone in 2009.
- The CPI is released monthly by the Statistical Office of the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items measures the average change in prices paid by consumers in Slovakia for a representative basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation in Slovakia and is closely watched by policymakers, economists, and market participants to assess the cost of living, purchasing power, and the overall state of the economy.
Q: How is this data collected or calculated?
A: The CPI is calculated by the Statistical Office of the Slovak Republic based on a survey of prices from a sample of retail outlets and service providers.
Q: How is this trend used in economic policy?
A: The CPI is a crucial input for the Slovak National Bank's monetary policy decisions, as it helps them assess the rate of inflation and adjust interest rates accordingly to maintain price stability.
Q: Are there update delays or limitations?
A: The CPI data is released monthly by the Statistical Office of the Slovak Republic with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Slovak Republic (CPALTT01SKA657N), retrieved from FRED.