Consumer Price Index: Harmonized Prices: All Items: Total for Slovak Republic
SVKCPHPTT01IXEBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.14
Year-over-Year Change
6.88%
Date Range
1/1/1995 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: All Items: Total for Slovak Republic measures the changes in the general price level of consumer goods and services purchased by Slovak households.
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 index is a key indicator of inflation and cost of living in Slovakia. It is used by policymakers, economists, and the public to assess and monitor the country's economic conditions and guide monetary and fiscal policies.
Methodology
The data is collected through a nationwide survey of consumer prices and calculated by the Statistical Office of the Slovak Republic.
Historical Context
The CPI data informs the European Central Bank's monetary policy decisions for the Eurozone.
Key Facts
- The base year for the index is 2015 = 100.
- The index covers around 1,000 consumer goods and services.
- Slovakia joined the Eurozone in 2009.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: Harmonized Prices: All Items: Total for Slovak Republic measures the changes in the general price level of consumer goods and services purchased by Slovak households.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of inflation and cost of living in Slovakia, used by policymakers, economists, and the public to assess the country's economic conditions and guide monetary and fiscal policies.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and calculated by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The CPI data informs the European Central Bank's monetary policy decisions for the Eurozone.
Q: Are there update delays or limitations?
A: The data is published monthly with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: All Items: Total for Slovak Republic (SVKCPHPTT01IXEBM), retrieved from FRED.