Consumer Price Index: Harmonized Prices: Energy: Total for Slovak Republic
SVKCPHPEN01GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.70
Year-over-Year Change
-333.33%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Energy: Total for Slovak Republic tracks changes in the cost of energy goods and services in Slovakia, providing key insights into inflationary pressures 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
This economic indicator measures the price changes of a basket of energy-related goods and services, including electricity, natural gas, and automotive fuels. It is a crucial metric for assessing the overall cost of living and energy affordability in Slovakia.
Methodology
The data is collected by the Statistical Office of the Slovak Republic through surveys of consumers and retailers.
Historical Context
This index is used by policymakers and analysts to monitor energy inflation and guide decisions on energy policy and consumer subsidies.
Key Facts
- Energy accounts for approximately 15% of the total consumer price index in Slovakia.
- Prices for energy goods and services in Slovakia have risen by an average of 3.5% per year over the past decade.
- The energy price index is a key input for the European Central Bank's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks changes in the cost of a basket of energy-related goods and services, including electricity, natural gas, and automotive fuels, in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: The energy price index is a crucial metric for assessing the overall cost of living and energy affordability in Slovakia, and it is used by policymakers and analysts to monitor energy inflation and guide decisions on energy policy and consumer subsidies.
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 retailers.
Q: How is this trend used in economic policy?
A: This index is used by policymakers and analysts to monitor energy inflation and guide decisions on energy policy and consumer subsidies.
Q: Are there update delays or limitations?
A: The index is updated monthly by the Statistical Office of the Slovak Republic, with a typical publication delay of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Energy: Total for Slovak Republic (SVKCPHPEN01GPM), retrieved from FRED.