Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Slovak Republic
SVKCPHP1000GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.60
Year-over-Year Change
-7.83%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Slovakia measures changes in the prices paid by consumers for educational goods and services. This metric is a key indicator of inflation and consumer spending trends in the education 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 Education CPI for Slovakia is part of the Harmonized Index of Consumer Prices (HICP), which tracks consumer prices across European Union member states. It represents one of the 12 major consumption categories within the COICOP classification system.
Methodology
The Slovak Statistical Office collects price data from a sample of educational institutions and services to calculate the monthly Education CPI.
Historical Context
This index is used by policymakers and economists to assess inflationary pressures and household spending patterns in the education system.
Key Facts
- The base year for the Slovakia Education CPI is 2015.
- Education accounts for approximately 2% of the total Slovak consumer price index basket.
- Annual inflation in Slovak education costs averaged 2.5% from 2015-2020.
FAQs
Q: What does this economic trend measure?
A: The Education CPI for Slovakia measures changes in the prices paid by consumers for educational goods and services, including tuition fees, textbooks, and other education-related expenses.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and consumer spending patterns within the education sector, which is crucial for policymakers, households, and education providers.
Q: How is this data collected or calculated?
A: The Slovak Statistical Office collects price data from a sample of educational institutions and services to calculate the monthly Education CPI.
Q: How is this trend used in economic policy?
A: The Education CPI is used by policymakers and economists to assess the impact of inflation on household budgets and to inform decisions related to education funding, subsidies, and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The Education CPI for Slovakia is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Slovak Republic (SVKCPHP1000GYM), retrieved from FRED.