Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Slovak Republic
CPHPTT01SKA659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-13.51%
Date Range
1/1/1996 - 1/1/2024
Summary
The Consumer Price Index (CPI) for the Slovak Republic measures changes in the prices of consumer goods and services. It is a key economic indicator used to assess inflation and guide monetary 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 the Slovak Republic tracks the average change over time in the prices paid by consumers for a basket of goods and services. It is based on the Classification of Individual Consumption by Purpose (COICOP) and serves as an important benchmark for understanding cost-of-living changes and consumer purchasing power.
Methodology
The data is collected through surveys of retail establishments and households.
Historical Context
Central banks and policymakers closely monitor the CPI to inform decisions on interest rates and other economic interventions.
Key Facts
- The CPI for Slovakia has a base year of 2015.
- It covers around 1,000 consumer goods and services.
- The index is published monthly by the Statistical Office of the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for the Slovak Republic measures changes in the prices of consumer goods and services purchased by households.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and cost-of-living changes, making it crucial for economic policymakers, businesses, and consumers to understand.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households, and the index is calculated based on the prices of a representative basket of consumer goods and services.
Q: How is this trend used in economic policy?
A: Central banks and policymakers closely monitor the CPI to inform decisions on interest rates, inflation targeting, and other economic interventions.
Q: Are there update delays or limitations?
A: The CPI for Slovakia is published monthly, with a typical release lag of around two weeks.
Related Trends
Consumer Price Index: Total Food Excluding Restaurants for the Slovak Republic
CPGDFD02SKA657N
Producer Prices Index: Economic Activities: Manufacturing: Total for Slovak Republic
SVKPIEAMP01GYM
National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Slovak Republic
NAEXKP04SKA652S
Consumer Price Index: Total Food Excluding Restaurants for the Slovak Republic
CPGDFD02SKM657N
Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Slovak Republic
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Currency Conversions: US Dollar Exchange Rate: Spot, End of Period: USD: National Currency for Slovak Republic
CCUSSP01SKA650N
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Slovak Republic (CPHPTT01SKA659N), retrieved from FRED.