Consumer Price Index for Slovakia
DDOE01SKA086NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
110.43
Year-over-Year Change
25.76%
Date Range
1/1/1990 - 1/1/2017
Summary
The Consumer Price Index for Slovakia measures the changes in the prices of a basket of consumer goods and services over time. It is a key indicator of inflation and an important tool for economic 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 Consumer Price Index for Slovakia (CPI) tracks the change in prices paid by consumers for a representative basket of goods and services. It is used to assess changes in the cost of living and overall price levels in the Slovak economy.
Methodology
The CPI is calculated based on a survey of prices collected from retailers across Slovakia.
Historical Context
The Slovak CPI is closely monitored by the National Bank of Slovakia and the European Central Bank for setting monetary policy.
Key Facts
- The base year for the Slovak CPI is 2015.
- CPI data for Slovakia is published monthly.
- The CPI is an important input for adjusting wages and social benefits.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Slovakia measures the changes in the prices of a basket of consumer goods and services over time in the Slovak economy.
Q: Why is this trend relevant for users or analysts?
A: The Slovak CPI is a key indicator of inflation and cost of living, making it essential for economic policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The CPI is calculated based on a survey of prices collected from retailers across Slovakia.
Q: How is this trend used in economic policy?
A: The Slovak CPI is closely monitored by the National Bank of Slovakia and the European Central Bank for setting monetary policy.
Q: Are there update delays or limitations?
A: CPI data for Slovakia is published monthly with no significant update delays.
Related Trends
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Infra-Annual Labor Statistics: Unemployment Rate Female: 15 Years or over for Slovak Republic
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Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Slovak Republic
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Citation
U.S. Federal Reserve, Consumer Price Index for Slovakia (DDOE01SKA086NWDB), retrieved from FRED.