Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Slovak Republic
SVKCPGRHO01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.22
Year-over-Year Change
103.78%
Date Range
1/1/1998 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Housing in Slovakia tracks changes in the prices of housing-related goods and services, a key component of overall consumer prices.
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 Housing CPI for Slovakia is part of the Harmonized Index of Consumer Prices (HICP) and measures the price changes of a fixed basket of consumer goods and services from the Housing category of the COICOP classification system. This index is a crucial indicator for assessing inflation and the cost of living in the Slovak Republic.
Methodology
The Slovak Statistical Office collects price data from a representative sample of retail outlets to calculate this monthly index.
Historical Context
The Housing CPI is used by policymakers, economists, and markets to gauge housing-related inflationary pressures and inform economic decision-making.
Key Facts
- The CPI for Housing accounts for over 20% of the total Slovak CPI basket.
- Housing costs have risen by an average of 3.5% annually in Slovakia over the past decade.
- The Housing CPI is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Housing in Slovakia tracks changes in the prices of housing-related goods and services, including rent, utilities, and household maintenance costs.
Q: Why is this trend relevant for users or analysts?
A: The Housing CPI is a crucial indicator for assessing inflation and the cost of living in Slovakia, and is closely monitored by policymakers, economists, and markets to gauge housing-related inflationary pressures.
Q: How is this data collected or calculated?
A: The Slovak Statistical Office collects price data from a representative sample of retail outlets to calculate this monthly index.
Q: How is this trend used in economic policy?
A: The Housing CPI is used by the European Central Bank and other policymakers to inform monetary policy decisions and assess broader inflationary trends in the Slovak Republic.
Q: Are there update delays or limitations?
A: The Housing CPI is published monthly by the Slovak Statistical Office with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Housing for Slovak Republic (SVKCPGRHO01GYM), retrieved from FRED.