Harmonized Index of Consumer Prices: Combined Passenger Transport for Slovakia
CP0735SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.91
Year-over-Year Change
6.07%
Date Range
12/1/2017 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Combined Passenger Transport for Slovakia measures the price changes of passenger transport services in Slovakia. This metric is crucial for evaluating the cost of living and guiding economic policymaking.
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 Combined Passenger Transport index specifically tracks the prices paid by consumers for various modes of passenger transportation, providing insights into a key component of household expenditures.
Methodology
The data is collected through surveys of consumer prices by the Statistical Office of the Slovak Republic.
Historical Context
Policymakers and analysts monitor this index to assess inflationary pressures and the overall cost of living in Slovakia.
Key Facts
- The base year for the HICP index is 2015.
- Slovakia joined the Eurozone in 2009.
- Transportation accounts for around 13% of the Slovak consumer price basket.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Combined Passenger Transport for Slovakia measures the price changes of various passenger transportation services in the country, including public transit, taxis, and personal vehicle operation.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for evaluating the cost of living and inflationary pressures in Slovakia, as transportation is a significant component of household expenditures. Policymakers and economists use this data to inform economic decision-making.
Q: How is this data collected or calculated?
A: The data is collected through consumer price surveys conducted by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this index to assess overall inflation and the cost of living, which informs monetary policy decisions and other economic interventions.
Q: Are there update delays or limitations?
A: The HICP data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Combined Passenger Transport for Slovakia (CP0735SKM086NEST), retrieved from FRED.