Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Slovak Republic
SVKCPGRGO01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.50
Year-over-Year Change
-33.41%
Date Range
1/1/2003 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Goods in Slovakia measures changes in the prices of a basket of consumer goods. It is a key indicator of inflation and an important economic metric for policymakers.
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 Goods in Slovakia is a subcomponent of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a market basket of consumer goods and services. This metric is widely used to assess the cost of living and inflationary pressures in the Slovak economy.
Methodology
The data is collected by the Slovak Statistical Office through surveys of consumer prices.
Historical Context
The CPI for Goods is a crucial input for monetary and fiscal policy decisions in Slovakia.
Key Facts
- The CPI for Goods accounts for over 50% of the overall CPI basket in Slovakia.
- Prices of consumer goods have risen by an average of 2.5% annually in Slovakia over the past decade.
- The CPI for Goods is a leading indicator of broader inflationary trends in the Slovak economy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Goods in Slovakia measures the average change in prices paid by consumers for a basket of commonly purchased consumer goods.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Goods is a crucial indicator of inflationary pressures and the cost of living in Slovakia, making it highly relevant for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by the Slovak Statistical Office through regular surveys of consumer prices across the country.
Q: How is this trend used in economic policy?
A: The CPI for Goods is a key input for monetary and fiscal policy decisions in Slovakia, as it helps the government and central bank monitor and respond to changes in the cost of living and inflationary conditions.
Q: Are there update delays or limitations?
A: The CPI for Goods data is typically published on a monthly basis with a short lag, providing timely insights into price trends in the Slovak economy.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Slovak Republic
SVKCPGRLH01IXOBM
Harmonized Index of Consumer Prices: All Items Excluding Mainly Administered Prices for Slovakia
00XAP0SKM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Slovak Republic
SVKCPHP0100GYM
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for Slovak Republic
LREM64FESKQ156N
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic
SVKCP030000GYQ
Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Slovakia
CP0932SKM086NEST
Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Goods for Slovak Republic (SVKCPGRGO01GYM), retrieved from FRED.