Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Slovak Republic
SVKCPHP0700GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.10
Year-over-Year Change
-82.54%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Slovakia measures changes in the prices paid by consumers for a basket of transportation goods and services, providing insights into inflationary pressures in the Slovak economy.
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 Transport in Slovakia is a component of the broader Consumer Price Index, which tracks the average change in prices paid by consumers for a representative basket of goods and services. The Transport CPI specifically measures price changes for items such as private transportation, public transportation, and vehicle operation and maintenance.
Methodology
The CPI data is collected by the Statistical Office of the Slovak Republic through surveys of consumer expenditures and prices.
Historical Context
The Transport CPI is closely monitored by policymakers and analysts to assess inflationary trends and make informed decisions about monetary and fiscal policies.
Key Facts
- The Transport CPI is a component of the overall Consumer Price Index in Slovakia.
- Transportation costs account for a significant portion of consumer spending in Slovakia.
- The Transport CPI is used to gauge inflationary pressures in the Slovak economy.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Transport in Slovakia measures changes in the prices paid by consumers for a basket of transportation goods and services, including private and public transportation, as well as vehicle operation and maintenance.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is an important indicator of inflationary pressures in the Slovak economy, as transportation costs are a significant component of consumer spending. It is closely monitored by policymakers and analysts to inform monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data for the Transport CPI in Slovakia is collected by the Statistical Office of the Slovak Republic through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by policymakers and economists in Slovakia to assess inflationary trends and make informed decisions about monetary and fiscal policies, as changes in transportation costs can have a significant impact on the overall cost of living and consumer spending patterns.
Q: Are there update delays or limitations?
A: The Transport CPI data for Slovakia is typically published on a monthly basis, with some potential for minor delays in data reporting. The data may also be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Slovak Republic (SVKCPHP0700GYM), retrieved from FRED.