Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Slovak Republic
SVKCPHP1200GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.90
Year-over-Year Change
76.92%
Date Range
1/1/1997 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Miscellaneous Goods and Services in Slovakia measures changes in the prices of a wide range of consumer items not captured in other CPI categories. This broad indicator is vital for assessing overall consumer inflation and cost-of-living 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 Miscellaneous Goods and Services CPI for Slovakia tracks price movements for a diverse basket of products and services, including personal care, insurance, financial services, and other household expenses. It is a key component of the country's broader CPI, which is closely monitored by policymakers and analysts to guide economic and monetary policy decisions.
Methodology
The data is collected through regular surveys of consumer prices across Slovakia.
Historical Context
The Miscellaneous Goods and Services CPI is used to evaluate inflationary pressures and consumer purchasing power within the Slovak economy.
Key Facts
- The Miscellaneous Goods and Services CPI accounts for around 13% of Slovakia's overall CPI basket.
- This CPI component has increased by an average of 2.5% annually over the past decade.
- Prices in the Miscellaneous Goods and Services category tend to be less volatile than other CPI components.
FAQs
Q: What does this economic trend measure?
A: The Miscellaneous Goods and Services CPI for Slovakia tracks changes in the prices of a wide range of consumer items not included in other CPI categories, such as personal care products, insurance, and financial services.
Q: Why is this trend relevant for users or analysts?
A: This broad CPI component is an important indicator of overall consumer inflation and cost-of-living pressures within the Slovak economy, providing valuable insights for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of consumer prices across Slovakia.
Q: How is this trend used in economic policy?
A: The Miscellaneous Goods and Services CPI is closely monitored by the Slovak central bank and other policymakers to assess inflationary trends and guide monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The Miscellaneous Goods and Services CPI data is published monthly with a typical 2-week delay, and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Slovak Republic (SVKCPHP1200GYM), retrieved from FRED.