Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Slovak Republic
CPGRLE01SKM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.13
Year-over-Year Change
-82.09%
Date Range
2/1/1995 - 11/1/2023
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Slovakia measures changes in the prices of goods and services excluding food and energy. This metric is important for economists and policymakers to analyze core inflation 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 CPI All Items Non-Food Non-Energy index for Slovakia is a key economic indicator that excludes volatile food and energy prices to provide a more stable measure of underlying inflation. It is widely used to guide monetary policy decisions and evaluate the effectiveness of economic programs.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated by the OECD.
Historical Context
This index is a valuable tool for the National Bank of Slovakia and the European Central Bank in setting appropriate interest rates and other policies.
Key Facts
- The index base year is 2015.
- Slovakia joined the Eurozone in 2009.
- The CPI All Items Non-Food Non-Energy index is released monthly.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of goods and services in Slovakia, excluding volatile food and energy items. It provides a more stable indicator of underlying inflation.
Q: Why is this trend relevant for users or analysts?
A: The CPI All Items Non-Food Non-Energy index is a key metric used by the National Bank of Slovakia and the European Central Bank to guide monetary policy decisions and evaluate the effectiveness of economic programs.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated by the OECD.
Q: How is this trend used in economic policy?
A: This index is used by central banks and policymakers to monitor core inflation and make informed decisions on interest rates and other economic policies.
Q: Are there update delays or limitations?
A: The CPI All Items Non-Food Non-Energy index for Slovakia is released monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Slovak Republic (CPGRLE01SKM657N), retrieved from FRED.