Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Slovak Republic
CPGREN01SKQ659N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.69
Year-over-Year Change
-95.97%
Date Range
1/1/1996 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Energy in Slovakia measures changes in the prices of energy-related goods and services, which are a key component of consumer expenditures and economic activity.
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 series tracks the prices of various energy sources, including electricity, gas, and motor fuels, which are essential for households and businesses. It is a crucial indicator for understanding trends in the cost of living and the overall inflation rate in the Slovak economy.
Methodology
The data is collected through a nationwide survey of consumer prices by the Statistical Office of the Slovak Republic.
Historical Context
The CPI for Energy is closely monitored by policymakers and analysts to assess the impact of energy costs on consumer spending, economic growth, and policy decisions.
Key Facts
- Energy accounts for approximately 15% of the total consumer basket in Slovakia.
- Prices for energy-related goods and services have increased by 20% in the past 5 years.
- The CPI for Energy is a key input for adjusting government subsidies and utility tariffs.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Energy in Slovakia measures changes in the prices of energy-related goods and services, including electricity, gas, and motor fuels.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Energy is a crucial indicator for understanding trends in the cost of living and overall inflation in the Slovak economy, as energy is a significant component of household and business expenditures.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The CPI for Energy is closely monitored by policymakers and analysts to assess the impact of energy costs on consumer spending, economic growth, and policy decisions, such as adjusting government subsidies and utility tariffs.
Q: Are there update delays or limitations?
A: The CPI for Energy data is typically published on a monthly basis with a short delay, and it may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Energy for Slovak Republic (CPGREN01SKQ659N), retrieved from FRED.