Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic
SVKCP030000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
121.20
Year-over-Year Change
15.60%
Date Range
1/1/2002 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Slovakia measures the changes in retail prices for apparel and footwear. This key economic indicator provides insights into consumer spending patterns and inflationary pressures.
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 Clothing and Footwear CPI is a subcomponent of the overall CPI basket, which tracks the average change in prices paid by consumers for a representative basket of goods and services. It is used to assess the cost of living and guide monetary policy decisions.
Methodology
The data is collected through a nationwide survey of retail establishments and then aggregated to calculate the index.
Historical Context
Policymakers and analysts monitor CPI trends to understand consumer behavior and make informed decisions about economic and monetary policies.
Key Facts
- The CPI for Clothing and Footwear in Slovakia has a base year of 2015.
- This index is published monthly by the Statistical Office of the Slovak Republic.
- Clothing and Footwear account for approximately 4% of the total CPI basket in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in Slovakia measures the changes in retail prices for apparel and footwear products.
Q: Why is this trend relevant for users or analysts?
A: This CPI subindex provides insights into consumer spending patterns and inflationary pressures within the clothing and footwear sector, which is an important component of the overall cost of living.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail establishments and then aggregated to calculate the index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor CPI trends, including the Clothing and Footwear CPI, to understand consumer behavior and make informed decisions about economic and monetary policies.
Q: Are there update delays or limitations?
A: The Clothing and Footwear CPI for Slovakia is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic (SVKCP030000IXOBQ), retrieved from FRED.