Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Slovak Republic
SVKCP040500GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.13
Year-over-Year Change
-119.33%
Date Range
2/1/1995 - 11/1/2023
Summary
The Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Slovak Republic measures changes in the prices of these essential utilities for Slovak 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
This index tracks price fluctuations in a basket of electricity, gas, and other household fuels consumed by the average Slovak household. It is a key indicator of inflation and living costs, providing insight into a major component of consumer spending.
Methodology
The data is collected through regular surveys of Slovak households and businesses.
Historical Context
Policymakers and analysts use this index to assess the impact of utility prices on the overall cost of living and to inform decisions on energy policy and subsidies.
Key Facts
- Slovakia's utility prices have risen 15% over the past 5 years.
- Electricity accounts for 40% of the average Slovak household's utility costs.
- The index has a base year of 2015.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of electricity, gas, and other household fuels consumed by Slovak households.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insight into a major component of consumer spending and the overall cost of living in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of Slovak households and businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impact of utility prices on the cost of living and to inform decisions on energy policy and subsidies.
Q: Are there update delays or limitations?
A: The index is updated monthly with a typical 1-month delay in data availability.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Slovak Republic (SVKCP040500GPM), retrieved from FRED.