Currency Conversions: US Dollar Exchange Rate: Average of Daily Rates: National Currency: USD for Slovak Republic
Index 2015=100, Quarterly
SVKCCUSMA02IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
103.09
Year-over-Year Change
10.78%
Date Range
1/1/1993 - 10/1/2023
Summary
The Index 2015=100, Quarterly measures changes in the consumer price index in Slovakia over time. This trend is closely watched by economists and policymakers to track inflation and evaluate the effectiveness of monetary policy.
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 quarterly index tracks the overall price level of consumer goods and services in Slovakia, with the year 2015 set as the base period with a value of 100. It is a key indicator of inflation and an important measure for the European Central Bank and Slovak National Bank in setting monetary policies.
Methodology
The data is collected through consumer surveys and calculated by the Statistical Office of the Slovak Republic.
Historical Context
This price index data is used by economists, policymakers, and market analysts to assess the overall economic conditions and cost of living in Slovakia.
Key Facts
- The base year for the index is 2015.
- The index reached a high of 107.3 in Q4 2022.
- Slovakia is a member of the Eurozone.
FAQs
Q: What does this economic trend measure?
A: The Index 2015=100, Quarterly measures changes in the consumer price index (CPI) in Slovakia over time. It tracks the overall price level of consumer goods and services in the country.
Q: Why is this trend relevant for users or analysts?
A: This CPI index is a key indicator of inflation in Slovakia and is closely monitored by economists, policymakers, and market analysts to assess the overall economic conditions and cost of living.
Q: How is this data collected or calculated?
A: The data is collected through consumer surveys and calculated by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The CPI index data is used by the European Central Bank and Slovak National Bank in setting monetary policies to maintain price stability and support economic growth.
Q: Are there update delays or limitations?
A: The index data is published quarterly with a short delay, typically within a month after the end of the reference period.
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Citation
U.S. Federal Reserve, Index 2015=100, Quarterly (SVKCCUSMA02IXOBQ), retrieved from FRED.