Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Slovak Republic
SVKCPHP0600GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.30
Year-over-Year Change
-40.00%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Slovak Republic measures changes in the cost of healthcare goods and services for consumers in Slovakia.
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 index tracks prices across a basket of healthcare-related products and services, providing a comprehensive measure of consumer health expenditures in the Slovak Republic. It is a key indicator used by policymakers and economists to analyze inflationary pressures and household purchasing power.
Methodology
The data is collected through surveys of consumers and businesses, and calculated using a weighted average of price changes.
Historical Context
This index is used to inform monetary and fiscal policies aimed at managing inflation and supporting economic growth.
Key Facts
- Tracks price changes for a basket of healthcare goods and services in Slovakia.
- Used by policymakers to assess inflationary pressures and household purchasing power.
- Data collected through consumer and business surveys and calculated as a weighted average.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the cost of healthcare goods and services for consumers in the Slovak Republic.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator used by policymakers and economists to analyze inflationary pressures and household purchasing power in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumers and businesses, and calculated using a weighted average of price changes.
Q: How is this trend used in economic policy?
A: This index is used to inform monetary and fiscal policies aimed at managing inflation and supporting economic growth in Slovakia.
Q: Are there update delays or limitations?
A: The data is published regularly by the U.S. Federal Reserve, with any update delays or limitations depending on the source.
Related Trends
Bank Non-Performing Loans to Gross Loans for Slovakia
DDSI02SKA156NWDB
Harmonized Index of Consumer Prices: Personal Care for Slovakia
CP1210SKM086NEST
Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Slovak Republic
LFHU24TTSKM647N
Production: Industry: Total Industry Excluding Construction for Slovak Republic
PRINTO01SKA657S
Use of Financial Services, Liabilities: Outstanding Deposits at Commercial Banks for Slovak Republic
SVKFCLODCXDC
Private Credit by Deposit Money Banks to GDP for Slovakia
DDDI01SKA156NWDB
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Health (COICOP 06): Total for Slovak Republic (SVKCPHP0600GPM), retrieved from FRED.