Harmonized Index of Consumer Prices: Insurance Connected with Transport for Slovakia
CP1254SKM086NEST • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
191.35
Year-over-Year Change
21.00%
Date Range
1/1/1996 - 6/1/2025
Summary
The Harmonized Index of Consumer Prices: Insurance Connected with Transport for Slovakia measures the price changes over time of insurance related to transportation in Slovakia. This metric is important for monitoring inflation and consumer spending trends.
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) tracks the changes in the prices of consumer goods and services acquired by households. The Insurance Connected with Transport component specifically measures the costs of insurance related to vehicles, travel, and other transportation in Slovakia.
Methodology
The data is collected through surveys of consumer expenditures and price quotes from service providers.
Historical Context
This index is used by policymakers and analysts to gauge inflationary pressures and consumer behavior in the Slovak transportation sector.
Key Facts
- The base year for this index is 2015.
- Insurance costs make up around 3% of the total Slovak consumer price index.
- Prices for transportation-related insurance have risen faster than overall inflation in Slovakia in recent years.
FAQs
Q: What does this economic trend measure?
A: The Harmonized Index of Consumer Prices: Insurance Connected with Transport for Slovakia measures the price changes over time of insurance related to transportation, such as vehicle, travel, and other mobility-related insurance costs.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into a key component of consumer spending and inflationary pressures in the Slovak transportation sector, which is useful for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer expenditures and price quotes from insurance service providers in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and central banks monitor this index to assess overall inflation, consumer spending patterns, and economic conditions in the transportation industry.
Q: Are there update delays or limitations?
A: The Harmonized Index of Consumer Prices data is typically published on a monthly basis with a short lag, providing timely information on price trends.
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Citation
U.S. Federal Reserve, Harmonized Index of Consumer Prices: Insurance Connected with Transport for Slovakia (CP1254SKM086NEST), retrieved from FRED.