Harmonized Index of Consumer Prices: Services Related to Housing for Slovakia
SERVHOSKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.94
Year-over-Year Change
6.74%
Date Range
1/1/1996 - 7/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP): Services Related to Housing for Slovakia measures the price changes of services related to housing in Slovakia. This metric is important for economists and policymakers to understand inflationary pressures in the housing sector.
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: Services Related to Housing for Slovakia is a component of the broader Harmonized Index of Consumer Prices, which tracks price changes for a basket of consumer goods and services across European Union member states. The services related to housing metric specifically focuses on prices for items like rent, utilities, and maintenance.
Methodology
The data is collected through surveys of consumers and businesses by the Statistical Office of the Slovak Republic.
Historical Context
This index is used by the European Central Bank and other policymakers to monitor inflation and make informed decisions.
Key Facts
- The base year for the index is 2015 = 100.
- Housing-related services account for over 20% of the total HICP basket in Slovakia.
- Prices have risen by over 30% since 2015.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Services Related to Housing for Slovakia measures the changes in prices for housing-related services like rent, utilities, and maintenance in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding inflationary pressures in the housing sector, which is a key component of the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through consumer and business surveys by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The HICP: Services Related to Housing for Slovakia is used by the European Central Bank and other policymakers to monitor inflation and make informed decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Services Related to Housing for Slovakia (SERVHOSKM086NEST), retrieved from FRED.