Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Slovak Republic
SVKCP080000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.87
Year-over-Year Change
452.43%
Date Range
1/1/2003 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Slovakia measures changes in the prices of communication-related goods and services, providing insights into consumer inflation and purchasing power.
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 Communication CPI is a subcomponent of the broader Consumer Price Index, which tracks changes in the prices of a basket of consumer goods and services. It is used to assess the cost of living and inflationary pressures within the Slovak economy.
Methodology
The data is collected through regular surveys of prices across a representative sample of retail outlets and service providers in Slovakia.
Historical Context
The Communication CPI is a key indicator monitored by policymakers and analysts to understand broader trends in consumer prices and the overall state of the Slovak economy.
Key Facts
- The Communication CPI is a subcomponent of the overall Consumer Price Index for Slovakia.
- It tracks changes in the prices of communication-related goods and services, such as telephone, internet, and postal services.
- The Communication CPI is used to assess inflationary pressures and the cost of living in the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Communication in Slovakia measures changes in the prices of communication-related goods and services, including telephone, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI provides insights into consumer inflation and purchasing power within the Slovak economy, making it a key indicator monitored by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of prices across a representative sample of retail outlets and service providers in Slovakia.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by policymakers and analysts to understand broader trends in consumer prices and the overall state of the Slovak economy, informing economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: The Communication CPI data is published regularly by the relevant statistical agencies, though there may be some minor delays or limitations in data coverage or methodological changes over time.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Slovak Republic (SVKCP080000GYQ), retrieved from FRED.