Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Slovak Republic
SVKCP070000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136.44
Year-over-Year Change
1.03%
Date Range
1/1/2002 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Slovakia measures changes in the prices paid by consumers for transportation-related goods and services. This key economic indicator helps policymakers and analysts understand trends in consumer spending and inflationary pressures.
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 Transport CPI for Slovakia is a subcomponent of the overall Consumer Price Index, a measure of the average change in prices paid by consumers for a basket of goods and services. The Transport CPI specifically tracks price movements for items like vehicle purchases, fuel, public transportation, and other transportation-related expenditures.
Methodology
The data is collected through surveys of consumer prices and spending patterns across the country.
Historical Context
This Transport CPI is used by the Slovak government, central bank, and economic analysts to gauge consumer demand, cost-of-living changes, and inflationary trends.
Key Facts
- The Transport CPI accounts for around 15% of the total Slovak Consumer Price Index.
- Transportation costs are a significant portion of household budgets in Slovakia.
- The Transport CPI has risen by an average of 3.2% per year over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Transport CPI for Slovakia measures changes in the prices paid by consumers for transportation-related goods and services, including vehicle purchases, fuel, public transit fares, and other transportation expenditures.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is an important indicator of consumer demand, cost-of-living changes, and inflationary pressures in the Slovak economy, providing crucial insights for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices and spending patterns across Slovakia.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by the Slovak government, central bank, and economic analysts to monitor and respond to changes in consumer demand, inflation, and cost-of-living for transportation-related goods and services.
Q: Are there update delays or limitations?
A: The Transport CPI for Slovakia is published monthly with a typical 1-2 month delay, and may be subject to minor revisions as additional data becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Slovak Republic (SVKCP070000IXOBM), retrieved from FRED.