Consumer Price Index: Communication (COICOP 08): Total for Slovak Republic
SVKCP080000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
171.60
Year-over-Year Change
6.06%
Date Range
1/1/2002 - 11/1/2023
Summary
The Consumer Price Index: Communication (COICOP 08) for the Slovak Republic measures changes in the cost of communication services and goods over time. This metric is a key indicator of inflation and consumer spending patterns in the telecommunications sector.
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 Consumer Price Index: Communication (COICOP 08) tracks the prices of a basket of communication-related products and services in the Slovak Republic. This includes costs for items like telephone and internet services, mobile devices, and postal fees. Economists and policymakers use this index to analyze trends in consumer spending and the overall state of the communication industry.
Methodology
The data is collected through surveys of retail establishments and service providers across Slovakia.
Historical Context
Policymakers and central banks monitor this index to help guide monetary and fiscal policies.
Key Facts
- The base year for this index is 2015 = 100.
- Communication accounts for approximately 3.5% of the Slovak consumer price basket.
- Prices in the communication sector have remained relatively stable in recent years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Communication (COICOP 08) measures changes in the prices of communication-related goods and services in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflation and consumer spending patterns in the telecommunications sector, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this index to help guide monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with minimal delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Slovak Republic (SVKCP080000IXNBM), retrieved from FRED.