Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic
SVKCPHP0300GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.20
Year-over-Year Change
-5.88%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in the Slovak Republic measures changes in the retail prices of apparel and footwear. It is a key indicator of consumer inflation and 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 CPI for Clothing and Footwear is a subcomponent of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. This series provides insight into price trends for a crucial component of household budgets.
Methodology
The data is collected through regular surveys of retail establishments and then aggregated to calculate the index.
Historical Context
Policymakers and analysts use this CPI component to assess inflationary pressures and consumer behavior.
Key Facts
- The CPI for Clothing and Footwear is published monthly.
- It accounts for approximately 4% of the overall CPI basket in the Slovak Republic.
- Clothing and footwear prices tend to be more volatile than the overall CPI.
FAQs
Q: What does this economic trend measure?
A: This trend measures changes in the retail prices of clothing and footwear products in the Slovak Republic. It is a component of the broader Consumer Price Index (CPI).
Q: Why is this trend relevant for users or analysts?
A: The CPI for Clothing and Footwear provides important insights into inflationary pressures and consumer spending patterns, which are crucial for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and then aggregated to calculate the index.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this CPI component to assess inflationary pressures and consumer behavior, which informs monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The CPI for Clothing and Footwear is published monthly, with a typical lag of several weeks after the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic (SVKCPHP0300GYM), retrieved from FRED.