Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Slovak Republic
CPGREN01SKA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
18.78
Year-over-Year Change
-1595.70%
Date Range
1/1/1996 - 1/1/2022
Summary
The Consumer Price Index (CPI): OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Slovak Republic tracks changes in the cost of energy goods and services in Slovakia.
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
This CPI energy index is a key indicator of inflationary pressures in the Slovak economy, particularly related to the costs of heating, electricity, and transportation. It is closely monitored by policymakers and analysts to assess the impact of energy prices on consumer spending and broader economic conditions.
Methodology
The data is collected by Slovakia's national statistics agency through regular household surveys.
Historical Context
The CPI energy index is used to inform monetary and fiscal policies in Slovakia and the broader Eurozone.
Key Facts
- The base year for this CPI index is 2015 = 100.
- Energy costs account for around 15% of the total Slovak consumer price basket.
- The CPI energy index reached a high of 155.7 in June 2022.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of energy goods and services, including fuel, electricity, and gasoline, for consumers in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: The CPI energy index is a key indicator of inflationary pressures in the Slovak economy, and is closely monitored by policymakers and analysts to assess the impact of energy prices on consumer spending and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by Slovakia's national statistics agency through regular household surveys.
Q: How is this trend used in economic policy?
A: The CPI energy index is used to inform monetary and fiscal policies in Slovakia and the broader Eurozone.
Q: Are there update delays or limitations?
A: The CPI energy index data is typically published with a 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Energy (Fuel, Electricity, and Gasoline): Total for Slovak Republic (CPGREN01SKA657N), retrieved from FRED.