Harmonized Index of Consumer Prices: Repair of Household Appliances for Slovakia
CP0533SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
146.23
Year-over-Year Change
5.23%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices (HICP) for Repair of Household Appliances measures changes in the prices paid by consumers for repairs of household appliances in Slovakia. This metric is important for economists and policymakers to track 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 HICP for Repair of Household Appliances in Slovakia is a key component of the overall HICP, which is the primary measure of consumer price inflation in the European Union. This subindex specifically tracks price changes for repair services of common household items like refrigerators, washing machines, and other appliances.
Methodology
The data is collected through surveys of consumer purchases and prices from a representative sample of retailers and service providers.
Historical Context
Trends in this HICP subindex are used by the European Central Bank and Slovak government to inform monetary and fiscal policies.
Key Facts
- Slovakia joined the Eurozone in 2009.
- Household appliances account for over 5% of Slovak consumer spending.
- Repair costs have risen faster than overall inflation in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices (HICP) for Repair of Household Appliances measures price changes for repair services of common household items like refrigerators, washing machines, and other appliances in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This HICP subindex is an important indicator of consumer spending patterns and inflationary pressures in the Slovak economy. It helps economists and policymakers understand household budgets and make informed decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer purchases and prices from a representative sample of retailers and service providers in Slovakia.
Q: How is this trend used in economic policy?
A: Trends in this HICP subindex are used by the European Central Bank and Slovak government to inform monetary and fiscal policies, particularly related to consumer prices and household spending.
Q: Are there update delays or limitations?
A: The HICP data is typically published with a 1-2 month lag and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Repair of Household Appliances for Slovakia (CP0533SKM086NEST), retrieved from FRED.