Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Slovak Republic
SVKCP050000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
-87.60%
Date Range
2/1/2002 - 11/1/2023
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance in the Slovak Republic measures the change in prices paid by consumers for a basket of household goods and services.
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 CPI component tracks the prices of items such as furniture, appliances, textiles, and household maintenance services. It is a key indicator of inflation and consumer spending in the Slovak household sector.
Methodology
The data is collected through monthly surveys of retail establishments and service providers.
Historical Context
Policymakers and analysts use this CPI component to assess consumer demand and the overall cost of living in Slovakia.
Key Facts
- The base year for this CPI series is 2015 = 100.
- Household equipment and furnishings account for around 5% of the total Slovak CPI basket.
- Slovakia joined the Eurozone in 2009, adopting the euro as its national currency.
FAQs
Q: What does this economic trend measure?
A: This CPI component measures the change in prices paid by Slovak consumers for a basket of household goods and services, including furniture, appliances, textiles, and maintenance.
Q: Why is this trend relevant for users or analysts?
A: This CPI indicator is a key measure of inflation and consumer spending in the Slovak household sector, providing insights into the overall cost of living and consumer demand.
Q: How is this data collected or calculated?
A: The data is collected through monthly surveys of retail establishments and service providers across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess inflationary pressures and consumer demand, which informs decisions on monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical release lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance (COICOP 05): Total for Slovak Republic (SVKCP050000GPM), retrieved from FRED.