Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Slovakia
ELGAS0SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
129.81
Year-over-Year Change
0.96%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Electricity, Gas, Solid Fuels and Heat Energy in Slovakia measures the change in prices for these key household energy sources over time. This index is an important economic indicator for monitoring inflation and consumer spending patterns.
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 HICP is a harmonized measure of consumer price inflation across the European Union. The Electricity, Gas, Solid Fuels and Heat Energy index specifically tracks the cost of these essential household utilities, providing insight into a significant component of overall consumer expenditures.
Methodology
The data is collected through surveys of consumer prices by the Statistical Office of the Slovak Republic.
Historical Context
This index is closely watched by policymakers, economists, and market analysts to assess the broader inflationary environment and its impact on household budgets.
Key Facts
- The index has a base year of 2015 = 100.
- Energy costs account for approximately 15% of the total Slovak consumer price index.
- Prices for electricity, gas, and heating fuels are key drivers of overall inflation in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Electricity, Gas, Solid Fuels and Heat Energy in Slovakia measures the change in prices for these essential household energy sources over time.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into a significant component of overall consumer expenditures and is closely watched by policymakers, economists, and market analysts to assess the broader inflationary environment in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The HICP for Electricity, Gas, Solid Fuels and Heat Energy is used by policymakers, economists, and market analysts to monitor inflation and its impact on household budgets, informing economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Electricity, Gas, Solid Fuels and Heat Energy for Slovakia (ELGAS0SKM086NEST), retrieved from FRED.