Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Slovak Republic
SVKCP040400GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.41
Year-over-Year Change
128.84%
Date Range
1/1/2003 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Water Supply and Miscellaneous Services Relating to the Dwelling in the Slovak Republic measures changes in the prices paid by consumers for these household utilities and services. This metric is crucial for understanding overall inflation and the cost of living in the country.
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 Water Supply and Miscellaneous Services Relating to the Dwelling is a component of the broader Consumer Price Index (CPI) and Harmonized Index of Consumer Prices (HICP) for the Slovak Republic. It tracks the prices of essential household services like water, sewage, and waste management over time.
Methodology
The data is collected through regular surveys of consumer prices by the Statistical Office of the Slovak Republic.
Historical Context
Policymakers and economists use this CPI component to gauge inflationary pressures and assess the affordability of basic utilities for Slovak households.
Key Facts
- The CPI for Water Supply and Miscellaneous Services accounts for around 3% of the total Slovak CPI basket.
- This index has increased by an average of 2.5% per year over the past decade.
- Utilities make up a significant portion of household budgets in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The CPI for Water Supply and Miscellaneous Services Relating to the Dwelling tracks the prices paid by Slovak consumers for essential household utilities and services like water, sewage, and waste management.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is crucial for understanding overall inflation and the cost of living in Slovakia, as utilities make up a significant portion of household budgets.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this CPI component to gauge inflationary pressures and assess the affordability of basic utilities for Slovak households.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with minimal delays, providing timely insights into household utility costs in Slovakia.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Water Supply and Miscellaneous Services Relating to the Dwelling for Slovak Republic (SVKCP040400GYM), retrieved from FRED.