Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Slovak Republic
SVKCPALTT01CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.95
Year-over-Year Change
69.45%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Slovakia measures the change in consumer prices for a broad basket of goods and services, serving as a key indicator of inflation in the Slovak economy.
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 CPI for Slovakia, classified under the COICOP 1999 framework, tracks price movements across major consumption categories like food, housing, transportation, and recreation. It is a widely used metric to assess the cost of living and purchasing power for households.
Methodology
The Slovak Statistical Office collects price data from a sample of retail outlets to calculate the monthly CPI.
Historical Context
The Slovak CPI is closely monitored by the country's central bank and government for policy decisions.
Key Facts
- Slovakia's CPI has a base year of 2015.
- The CPI basket covers about 1,000 individual goods and services.
- CPI data is released on a monthly basis by the Slovak Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Slovakia measures the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The Slovak CPI is a key indicator of inflation and cost of living, providing important insights for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The Slovak Statistical Office collects price data from a sample of retail outlets to calculate the monthly CPI.
Q: How is this trend used in economic policy?
A: The Slovak CPI is closely monitored by the central bank and government for making monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is released on a monthly basis with minimal delay, providing timely information on price movements in the Slovak economy.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for Slovak Republic (SVKCPALTT01CTGYM), retrieved from FRED.