Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Slovak Republic
CPGRLE01SKQ657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.23
Year-over-Year Change
-54.85%
Date Range
4/1/1995 - 7/1/2023
Summary
The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Slovak Republic measures changes in the prices of non-food, non-energy goods and services in Slovakia. This key metric provides insight into broader inflationary pressures in the economy.
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 consumer price index (CPI) trend tracks the prices of a representative basket of goods and services in Slovakia, excluding food and energy. It is a valuable indicator of underlying inflation trends and consumer purchasing power that is widely monitored by economists and policymakers.
Methodology
The data is collected through a survey of retail establishments and service providers across Slovakia.
Historical Context
The CPI non-food, non-energy index is used to guide monetary policy decisions and assess the overall health of the Slovak economy.
Key Facts
- Slovakia's CPI non-food, non-energy index has risen by over 10% in the past year.
- This index excludes volatile food and energy prices to better reflect underlying inflation.
- The Slovak central bank closely monitors this CPI measure when setting interest rates.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Slovak Republic measures changes in the prices of a representative basket of goods and services in Slovakia, excluding food and energy items.
Q: Why is this trend relevant for users or analysts?
A: This CPI metric provides valuable insight into underlying inflationary pressures in the Slovak economy, which is closely watched by policymakers, economists, and investors.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of retail establishments and service providers across Slovakia.
Q: How is this trend used in economic policy?
A: The Slovak central bank uses this CPI non-food, non-energy index as a key input when setting monetary policy and interest rates to manage inflation and support economic stability.
Q: Are there update delays or limitations?
A: The CPI data is published monthly with a typical 2-3 week delay, providing timely insight into price trends. However, the index may not fully capture all changes in consumer purchasing power.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Slovak Republic (CPGRLE01SKQ657N), retrieved from FRED.