Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Slovak Republic
SVKCP040100GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.35
Year-over-Year Change
-207.13%
Date Range
2/1/1995 - 11/1/2023
Summary
The Consumer Price Index for Housing, Water, Electricity, Gas, and Other Fuels in Slovakia measures changes in the cost of actual rentals for housing. This index is a key indicator of inflation and living costs, providing insights into the Slovak economy.
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 SVKCP040100GPM series tracks the price changes for the 'Actual Rentals for Housing' component of the Consumer Price Index in Slovakia. This index is part of the broader 'Housing, Water, Electricity, Gas and Other Fuels' COICOP category and is a valuable tool for analyzing housing affordability and overall inflation.
Methodology
The data is collected through household surveys and compiled by the Statistical Office of the Slovak Republic.
Historical Context
Policymakers and economists use this index to inform decisions on monetary policy, consumer protection, and economic planning.
Key Facts
- The base year for this index is 2015 = 100.
- Rental costs account for a significant portion of the average Slovak household's budget.
- This index is published monthly by the Statistical Office of the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: The SVKCP040100GPM series measures changes in the actual rental costs for housing in Slovakia, which is a key component of the overall Consumer Price Index.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into housing affordability and the broader cost of living in Slovakia, making it a valuable tool for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through household surveys and compiled by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this index to monitor inflation and make informed decisions on monetary policy, consumer protection, and economic planning.
Q: Are there update delays or limitations?
A: The index is published monthly with no significant update delays, providing timely data on housing rental costs in Slovakia.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Actual Rentals for Housing: Total for Slovak Republic (SVKCP040100GPM), retrieved from FRED.