Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Slovak Republic
SVKCP080000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.48
Year-over-Year Change
6.21%
Date Range
1/1/2002 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Slovakia measures changes in the prices of communication goods and services, which include items like telephone and internet services. This index is a key indicator of 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 Slovak Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a basket of goods and services. The Communication CPI specifically monitors inflation for communication-related expenditures, providing insight into a critical component of household budgets.
Methodology
The data is collected through regular surveys of consumer prices by the Statistical Office of the Slovak Republic.
Historical Context
The Communication CPI is used by policymakers, economists, and analysts to assess cost-of-living trends and inform economic decision-making.
Key Facts
- The Communication CPI is a subcomponent of the broader Slovak CPI.
- Communication costs account for a significant portion of household budgets.
- The Communication CPI helps track changes in the affordability of essential services.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices of telephone, internet, and other communication goods and services in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI provides important insights into consumer inflation and the affordability of essential communication services, which are crucial for households and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected through regular price surveys by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by policymakers, economists, and analysts to assess cost-of-living trends and inform economic decision-making.
Q: Are there update delays or limitations?
A: The Communication CPI data is published regularly with minimal delays, providing timely insights into price dynamics in the communication sector.
Related Trends
Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Slovak Republic
SVKCPHP0700IXEBM
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic
SVKCP030000GYQ
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Slovak Republic
SVKCPHP1000GYM
Consumer Opinion Surveys: Consumer Prices: Future Tendency for Slovak Republic
CSINFT02SKM460S
Bank's Cost to Income Ratio for Slovakia
DDEI07SKA156NWDB
Harmonized Index of Consumer Prices: Milk, Cheese and Eggs for Slovakia
CP0114SKM086NEST
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Slovak Republic (SVKCP080000IXOBM), retrieved from FRED.