Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings: Total for Slovak Republic
SVKCP040300GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.28
Year-over-Year Change
-84.45%
Date Range
2/1/1995 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Housing, Water, Electricity, Gas and Other Fuels in the Slovak Republic measures changes in the prices of maintenance and repairs of dwellings. This metric is a key indicator of inflation and cost of living trends for households.
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 CPI for Housing Maintenance and Repairs in Slovakia tracks price movements for a basket of goods and services related to the upkeep and repair of residential properties. This data provides valuable insights into inflationary pressures and consumer spending patterns in the housing sector.
Methodology
The Slovak Statistical Office collects price data from a representative sample of retail establishments to calculate this index.
Historical Context
Policymakers and analysts monitor this CPI component to assess broader economic conditions and the impacts on household budgets.
Key Facts
- The CPI for Housing Maintenance and Repairs in Slovakia has a base year of 2015.
- This index is a subcomponent of the broader CPI for Housing, Water, Electricity, Gas and Other Fuels.
- Slovakia's Housing Maintenance and Repairs CPI has increased by 10.8% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing Maintenance and Repairs in the Slovak Republic measures changes in the prices of goods and services related to the upkeep and repair of residential properties.
Q: Why is this trend relevant for users or analysts?
A: This CPI component provides valuable insights into inflationary pressures and consumer spending patterns in the housing sector, which is crucial for policymakers and economists assessing broader economic conditions.
Q: How is this data collected or calculated?
A: The Slovak Statistical Office collects price data from a representative sample of retail establishments to calculate this index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this CPI component to assess the impacts of housing-related costs on household budgets and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI for Housing Maintenance and Repairs in Slovakia is published monthly with a relatively short delay, providing timely data for economic analysis and policymaking.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings: Total for Slovak Republic (SVKCP040300GPM), retrieved from FRED.