Consumer Price Index: Transport (COICOP 07): Total for Slovak Republic
SVKCP070000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.05
Year-over-Year Change
-267.59%
Date Range
2/1/2002 - 11/1/2023
Summary
The Consumer Price Index: Transport (COICOP 07): Total for Slovak Republic measures price changes for transportation goods and services in Slovakia. It is a key indicator of consumer inflation and an important metric for policymakers and economists.
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 series tracks the overall price changes for transportation-related consumer purchases in Slovakia, including private and public transportation, fuel, and vehicle maintenance. It is a widely referenced economic indicator used to assess the cost of living and inflationary pressures within the country.
Methodology
The data is collected by the Statistical Office of the Slovak Republic through surveys of consumer expenditures and prices.
Historical Context
The Slovak transport CPI is analyzed by the Central Bank of Slovakia and other institutions to inform monetary and fiscal policy decisions.
Key Facts
- Slovakia's transport CPI has risen by 12.4% over the past year.
- Fuel costs account for the largest weight (60%) within the transport CPI basket.
- Transport costs make up around 16% of the total consumer expenditure in Slovakia.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Transport (COICOP 07): Total for Slovak Republic measures price changes for a basket of transportation-related consumer goods and services in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: The transport CPI is a key indicator of consumer inflation and cost of living in Slovakia, providing important insights for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected by the Statistical Office of the Slovak Republic through regular surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Slovak transport CPI is closely monitored by the Central Bank and government to inform monetary and fiscal policy decisions aimed at managing inflation and supporting economic growth.
Q: Are there update delays or limitations?
A: The transport CPI data is published monthly with a typical 1-2 month lag, and may be subject to minor revisions over time.
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Citation
U.S. Federal Reserve, Consumer Price Index: Transport (COICOP 07): Total for Slovak Republic (SVKCP070000GPM), retrieved from FRED.