Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Slovak Republic
CPGRLE01SKQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.90
Year-over-Year Change
-34.37%
Date Range
1/1/1996 - 1/1/2025
Summary
The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Slovakia measures changes in the prices of consumer goods and services, excluding food and energy. It is a key indicator of inflation and a crucial metric for economists and policymakers.
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 Non-Food Non-Energy in Slovakia is a component of the Harmonized Index of Consumer Prices (HICP), which is used to assess price stability across the European Union. This index provides valuable insights into underlying inflationary pressures within the Slovak economy.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated using a weighted average of price changes for a representative basket of goods and services.
Historical Context
Policymakers and central banks closely monitor this CPI metric to guide monetary policy decisions and maintain price stability.
Key Facts
- The base year for the Slovak CPI is 2015.
- The index covers approximately 90% of household consumption expenditure.
- Stable and low inflation is a key policy objective for the European Central Bank.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items Non-Food Non-Energy in Slovakia measures changes in the prices of consumer goods and services, excluding food and energy products.
Q: Why is this trend relevant for users or analysts?
A: This CPI metric is a crucial indicator of underlying inflationary pressures within the Slovak economy and is closely monitored by policymakers and central banks to guide monetary policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated using a weighted average of price changes for a representative basket of goods and services.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this CPI metric to assess price stability and maintain low and stable inflation, which is a key policy objective for the European Central Bank.
Q: Are there update delays or limitations?
A: The CPI data is typically published on a monthly basis, with some potential for minor delays in data release.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: All Items Non-Food Non-Energy for Slovak Republic (CPGRLE01SKQ659N), retrieved from FRED.