Harmonized Index of Consumer Prices: Gas for Slovakia
CP0452SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.95
Year-over-Year Change
1.58%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Gas for Slovakia measures the price changes of gas for domestic use in Slovakia. This metric is a key indicator of energy costs and inflation for policymakers and analysts.
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 Harmonized Index of Consumer Prices (HICP) is a standardized measure of inflation used across the European Union. The Gas for Slovakia index specifically tracks the consumer price changes for gas as a heating and utility fuel for households.
Methodology
The data is collected through surveys of consumer expenditures and prices.
Historical Context
The HICP Gas for Slovakia index helps central banks and fiscal authorities monitor energy price dynamics and their impact on the broader economy.
Key Facts
- Gas accounts for over 10% of household expenditures in Slovakia.
- HICP data for Slovakia is published monthly by Eurostat.
- Energy prices are a key driver of overall inflation in the EU.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Gas for Slovakia measures the changes in consumer prices for gas as a household fuel and utility in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This index is a crucial indicator of energy costs and inflation dynamics for policymakers, economists, and market participants in Slovakia and the broader EU.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and prices by national statistical agencies and compiled by Eurostat.
Q: How is this trend used in economic policy?
A: Central banks and fiscal authorities use the HICP Gas for Slovakia index to monitor energy price inflation and its impact on the broader economy, informing monetary and fiscal policy decisions.
Q: Are there update delays or limitations?
A: The HICP data for Slovakia is published monthly by Eurostat with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Gas for Slovakia (CP0452SKM086NEST), retrieved from FRED.