Consumer Price Index: All Items: Total for Slovak Republic
CPALTT01SKM657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.52
Year-over-Year Change
-49.80%
Date Range
2/1/1991 - 2/1/2024
Summary
The Consumer Price Index (CPI) for All Items in the Slovak Republic measures the changes in the prices of consumer goods and services purchased by Slovak households. It is a key economic indicator used to track inflation and guide monetary policy decisions.
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 CPI for All Items in the Slovak Republic is a comprehensive measure of the average change in prices paid by consumers for a basket of goods and services. It serves as an important gauge of the overall cost of living and purchasing power within the Slovak economy.
Methodology
The CPI data is collected through surveys of consumer expenditures and prices across a representative sample of retail outlets in the Slovak Republic.
Historical Context
The CPI is closely monitored by the National Bank of Slovakia and other policymakers to assess inflationary pressures and inform monetary policy decisions.
Key Facts
- The CPI for All Items in Slovakia has a base year of 2015.
- The CPI is published monthly by the Statistical Office of the Slovak Republic.
- Slovakia joined the Eurozone in 2009, adopting the euro as its national currency.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for All Items in the Slovak Republic measures the average change in prices paid by consumers for a basket of goods and services.
Q: Why is this trend relevant for users or analysts?
A: The CPI is a key indicator of inflation and purchasing power in the Slovak economy, making it crucial for policymakers, businesses, and consumers to monitor.
Q: How is this data collected or calculated?
A: The CPI data is collected through surveys of consumer expenditures and prices across a representative sample of retail outlets in the Slovak Republic.
Q: How is this trend used in economic policy?
A: The CPI is closely monitored by the National Bank of Slovakia and other policymakers to assess inflationary pressures and inform monetary policy decisions.
Q: Are there update delays or limitations?
A: The CPI data is published monthly by the Statistical Office of the Slovak Republic, with a typical publication lag of around two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Index: All Items: Total for Slovak Republic (CPALTT01SKM657N), retrieved from FRED.