Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Slovak Republic
SVKCPHP0800GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.20
Year-over-Year Change
44.19%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Communication in the Slovak Republic measures changes in the prices of communication goods and services, including telephone and internet access. This index is a key indicator of inflation and consumer spending patterns.
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 for Slovak Republic is part of the broader Consumer Price Index (CPI), which tracks changes in the prices paid by consumers for a basket of goods and services. The Communication CPI specifically focuses on the prices of communication-related expenses, providing insights into this important sector of the Slovak economy.
Methodology
The data is collected through surveys of prices paid by consumers for a representative sample of communication goods and services.
Historical Context
The Communication CPI is used by policymakers, economists, and market analysts to understand consumer behavior and inflationary pressures in the Slovak economy.
Key Facts
- The Communication CPI is a component of the overall Slovak CPI.
- Communication accounts for approximately 3.5% of the Slovak consumer basket.
- The Communication CPI has increased by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Slovak Republic measures changes in the prices of communication goods and services, including telephone, internet, and other communication-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI provides important insights into inflationary pressures and consumer spending patterns in the communication sector of the Slovak economy, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of prices paid by consumers for a representative sample of communication goods and services.
Q: How is this trend used in economic policy?
A: The Communication CPI is used by the Slovak government and central bank to monitor inflation and make informed policy decisions, as well as by market participants to understand consumer behavior and market trends.
Q: Are there update delays or limitations?
A: The Communication CPI data is typically published on a monthly basis, with a short delay to allow for data collection and processing.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Slovak Republic (SVKCPHP0800GYM), retrieved from FRED.