Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Slovak Republic
SVKCPHP0800IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.24
Year-over-Year Change
6.21%
Date Range
1/1/1996 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Communication in Slovakia measures the change in prices for goods and services related to communication, such as phones, internet, and postal services. This data is important for economists and policymakers to track inflation and consumer spending trends.
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 is a subcomponent of the overall Consumer Price Index for Slovakia, which tracks the average change in prices paid by consumers for a basket of goods and services. This series provides insight into price pressures in the communication sector, which is a key part of consumer spending and the broader economy.
Methodology
The data is collected by the Statistical Office of the Slovak Republic through surveys of consumers and businesses.
Historical Context
Communication CPI data is used by the Central Bank of Slovakia and other policymakers to inform monetary and fiscal policies aimed at maintaining price stability.
Key Facts
- Communication makes up about 3.5% of the Slovak CPI basket.
- Prices for communication goods and services rose by 0.9% in 2022.
- The communication CPI reached a record high in June 2022.
FAQs
Q: What does this economic trend measure?
A: The Communication CPI for Slovakia measures the change in prices for goods and services related to communication, such as phones, internet, and postal services.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into price pressures in the communication sector, which is an important component of consumer spending and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the Statistical Office of the Slovak Republic through surveys of consumers and businesses.
Q: How is this trend used in economic policy?
A: Communication CPI data is used by the Central Bank of Slovakia and other policymakers to inform monetary and fiscal policies aimed at maintaining price stability.
Q: Are there update delays or limitations?
A: The data is released monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Communication for Slovak Republic (SVKCPHP0800IXOBM), retrieved from FRED.