Consumer Price Index: Recreation and Culture (COICOP 09): Total for Slovak Republic
SVKCP090000GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.87
Year-over-Year Change
14.62%
Date Range
2/1/2002 - 11/1/2023
Summary
The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of recreational and cultural goods and services in the Slovak Republic. This index is a key indicator of consumer spending and inflationary pressures in the recreation and culture 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 COICOP 09 index is part of the broader Consumer Price Index (CPI), which tracks the average change in prices paid by consumers for a basket of goods and services. The recreation and culture index specifically focuses on components like entertainment, sports, hobbies, and cultural activities.
Methodology
The data is collected through a nationwide survey of consumer prices.
Historical Context
Policymakers and analysts use this index to assess consumer demand and inflationary trends in the recreation and culture segment of the Slovak economy.
Key Facts
- The base year for the COICOP 09 index is 2015.
- Recreation and culture account for about 8% of total consumer spending in Slovakia.
- Prices in the recreation and culture sector have risen by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Recreation and Culture (COICOP 09) measures changes in the prices of recreational and cultural 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 consumer spending and inflationary pressures in the recreation and culture sector, which is a significant component of the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess consumer demand and inflationary trends in the recreation and culture segment of the Slovak economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Recreation and Culture (COICOP 09): Total for Slovak Republic (SVKCP090000GPM), retrieved from FRED.