Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Slovak Republic
SVKCP060000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.53
Year-over-Year Change
22.01%
Date Range
1/1/2002 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Health in Slovakia measures changes in the prices of healthcare goods and services. This key economic indicator is closely monitored by policymakers to assess inflationary pressures and the cost of living.
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 Health CPI tracks the prices of a basket of healthcare-related items, including medical services, pharmaceuticals, and medical equipment. It is a vital metric for evaluating the affordability of healthcare and the overall inflation rate in the Slovak economy.
Methodology
The data is collected through surveys of consumers and healthcare providers by the Slovak Statistical Office.
Historical Context
The Health CPI is used by the National Bank of Slovakia and other institutions to inform monetary policy decisions and economic forecasting.
Key Facts
- The base year for the Slovak Health CPI is 2015.
- Healthcare accounts for approximately 4% of the Slovak consumer price basket.
- Slovakia's Health CPI has risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Slovakia measures changes in the prices of healthcare goods and services, including medical care, pharmaceuticals, and medical equipment.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI is a crucial indicator for evaluating the affordability of healthcare and the overall cost of living in Slovakia. It informs policymakers, consumers, and businesses about inflationary pressures in the healthcare sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and healthcare providers by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: The Health CPI is used by the National Bank of Slovakia and other institutions to inform monetary policy decisions and economic forecasting.
Q: Are there update delays or limitations?
A: The Health CPI data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Slovak Republic (SVKCP060000IXOBQ), retrieved from FRED.