Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Slovak Republic
SVKCP050000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.92
Year-over-Year Change
-57.91%
Date Range
1/1/2003 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Furnishings, Household Equipment and Routine Household Maintenance measures changes in the prices paid by consumers in Slovakia for these products and services over time.
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 price fluctuations in a wide range of household items, from furniture and appliances to cleaning supplies and home maintenance costs. It is a key indicator of consumer inflation and living standards in Slovakia.
Methodology
The data is collected through regular surveys of consumer prices by the Slovak Statistical Office.
Historical Context
Policymakers and analysts use this CPI component to assess domestic economic conditions and make informed decisions.
Key Facts
- The CPI for Furnishings, Household Equipment and Routine Household Maintenance is a component of the overall Consumer Price Index for Slovakia.
- This index tracks price changes for a basket of household goods and services, including furniture, appliances, and cleaning supplies.
- Monitoring this CPI component helps policymakers and economists assess changes in the cost of living and domestic inflation pressures.
FAQs
Q: What does this economic trend measure?
A: This CPI component measures changes in the prices paid by consumers in Slovakia for furnishings, household equipment, and routine household maintenance over time.
Q: Why is this trend relevant for users or analysts?
A: This CPI component is a key indicator of domestic inflation and consumer living standards, helping policymakers and economists assess economic conditions in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through regular consumer price surveys conducted by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to monitor inflation, consumer spending, and living standards, informing economic decision-making.
Q: Are there update delays or limitations?
A: There may be some time lag in the availability of this data, as it is collected and published by the Slovak Statistical Office.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Furnishings, Household Equipment and Routine Household Maintenance for Slovak Republic (SVKCP050000GYQ), retrieved from FRED.