Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Slovak Republic
SVKCPHP0800GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.70
Year-over-Year Change
N/A%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Slovak Republic measures changes in the prices of communication goods and services in Slovakia. This index is a key indicator of inflationary pressures and consumer purchasing power in the telecommunications sector.
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 Communication CPI tracks the prices of items like telephone and internet services, postal charges, and equipment. It is an important component of the overall Consumer Price Index and helps economists and policymakers assess the state of the Slovak consumer economy.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
The Communication CPI is used to inform monetary and fiscal policies related to the telecommunications industry.
Key Facts
- The Communication CPI has a base year of 2015.
- Prices for communication goods and services account for about 3.5% of the Slovak consumer basket.
- The Communication CPI reached a record high in 2022.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI measures changes in the prices of communication goods and services in Slovakia, including telephone, internet, and postal costs.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important component of the overall Consumer Price Index and helps economists and policymakers assess inflationary pressures and consumer purchasing power in the telecommunications sector.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices.
Q: How is this trend used in economic policy?
A: The Communication CPI is used to inform monetary and fiscal policies related to the telecommunications industry.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly with a typical 1-2 month lag.
Related Trends
Harmonized Index of Consumer Prices: Actual Rentals for Housing for Slovakia
CP0410SKM086NEST
Harmonized Index of Consumer Prices: Equipment for Sport, Camping and Open-Air Recreation for Slovakia
CP0932SKM086NEST
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Slovak Republic
SVKCPHPSE01GYM
Share Prices: All Shares/Broad: Total for Slovak Republic
SPASTT01SKA657N
Harmonized Index of Consumer Prices: Medical Products, Appliances and Equipment for Slovakia
CP0610SKM086NEST
Business Tendency Surveys: Order Intentions or Demand: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles: Future Tendency for Slovak Republic
SVKBRODFT02STSAM
Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Communication (COICOP 08): Total for Slovak Republic (SVKCPHP0800GPM), retrieved from FRED.