Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Slovak Republic
SVKCPHPSE01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7.70
Year-over-Year Change
79.07%
Date Range
1/1/1997 - 4/1/2025
Summary
The Consumer Price Index (CPI) for Services in Slovakia measures the change in prices for a basket of consumer services. This trend is a key indicator of domestic 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 CPI for Services tracks the cost of a representative basket of consumer services in Slovakia, including housing, utilities, transportation, healthcare, and other service categories. This index is used by economists and policymakers to assess the overall rate of inflation and make informed decisions about monetary and fiscal policy.
Methodology
The CPI for Services data is collected through surveys of consumer expenditures and prices by the Statistical Office of the Slovak Republic.
Historical Context
The Slovak CPI for Services is used by the European Central Bank and other institutions to monitor price stability and set appropriate monetary policies.
Key Facts
- The base year for the Slovak CPI for Services is 2015.
- Services account for over 50% of the total CPI basket in Slovakia.
- The CPI for Services reached a record high of 118.3 in December 2022.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services in Slovakia measures the change in prices for a basket of consumer services, including housing, utilities, transportation, and healthcare.
Q: Why is this trend relevant for users or analysts?
A: The Slovak CPI for Services is a key indicator of domestic inflation and consumer spending patterns, used by economists and policymakers to assess price stability and make informed decisions about monetary and fiscal policy.
Q: How is this data collected or calculated?
A: The CPI for Services data is collected through surveys of consumer expenditures and prices by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The Slovak CPI for Services is used by the European Central Bank and other institutions to monitor price stability and set appropriate monetary policies for the country.
Q: Are there update delays or limitations?
A: The CPI for Services data is published monthly by the Statistical Office of the Slovak Republic, with a typical lag of 2-3 weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services for Slovak Republic (SVKCPHPSE01GYM), retrieved from FRED.