Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Slovak Republic
SVKCPHP0400GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.20
Year-over-Year Change
-140.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Slovak Republic measures the changes in the price level of housing-related goods and services for Slovak consumers. This key economic indicator provides insight into inflationary pressures and the cost of living.
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
This harmonized price index tracks the monthly changes in the prices of a basket of housing, utility, and household fuel items for households in Slovakia. It is a vital statistic for policymakers, economists, and consumers to gauge overall inflation and the affordability of essential living costs.
Methodology
The data is calculated by the Slovak Statistical Office using a representative sample of consumer purchases and a fixed basket of goods and services.
Historical Context
This index is widely used to inform monetary policy decisions and guide consumer spending and investment patterns.
Key Facts
- Slovakia's housing and utilities costs account for over 20% of the average household budget.
- Prices in this category have risen by over 10% since 2015.
- The index is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This index measures the monthly changes in the prices of a basket of housing, utility, and household fuel items for consumers in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This is a vital indicator for assessing inflationary pressures and the affordability of essential living costs in Slovakia, which is crucial information for policymakers, economists, and consumers.
Q: How is this data collected or calculated?
A: The data is calculated by the Slovak Statistical Office using a representative sample of consumer purchases and a fixed basket of goods and services.
Q: How is this trend used in economic policy?
A: This index is widely used to inform monetary policy decisions and guide consumer spending and investment patterns in Slovakia and the broader Eurozone.
Q: Are there update delays or limitations?
A: The data is published monthly with a short delay, and the index is subject to periodic basket and weight revisions to maintain its representativeness.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Slovak Republic (SVKCPHP0400GPM), retrieved from FRED.