Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic
SVKCP120000GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.90
Year-over-Year Change
-31.17%
Date Range
4/1/2002 - 7/1/2023
Summary
The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic measures changes in prices for a broad basket of consumer goods and services in Slovakia. This metric is a key indicator of inflation and consumer 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 Consumer Price Index (CPI) tracks the average change in prices paid by consumers for a representative basket of goods and services. The COICOP 12 component specifically measures prices for miscellaneous goods and services, providing insight into broader consumer spending trends.
Methodology
The data is collected through surveys of retail establishments and households in Slovakia.
Historical Context
Policymakers and economists use the CPI to inform monetary policy decisions and assess the state of the economy.
Key Facts
- The CPI is a widely-used measure of inflation in Slovakia.
- Miscellaneous goods and services account for about 13% of the Slovak CPI basket.
- The CPI is published monthly by the Statistical Office of the Slovak Republic.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic measures changes in prices for a broad basket of consumer goods and services in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflation and consumer purchasing power in Slovakia, which is crucial information for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and households in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and economists use the CPI to inform monetary policy decisions and assess the state of the Slovak economy.
Q: Are there update delays or limitations?
A: The CPI is published monthly by the Statistical Office of the Slovak Republic, with a short delay between the reference period and publication.
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Citation
U.S. Federal Reserve, Consumer Price Index: Miscellaneous Goods and Services (COICOP 12): Total for Slovak Republic (SVKCP120000GPQ), retrieved from FRED.