Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic
SVKCP030000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.13
Year-over-Year Change
-11.51%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in Slovakia measures changes in the prices of apparel and footwear purchased by consumers. This metric is a key indicator of inflation and consumer spending trends.
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 Clothing and Footwear CPI is a subcomponent of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a market basket of consumer goods and services. The Clothing and Footwear CPI specifically focuses on price changes for apparel, shoes, and related accessories.
Methodology
The data is collected through regular surveys of retail establishments and households in Slovakia.
Historical Context
Policymakers and analysts use this metric to assess inflationary pressures and consumer behavior within the Slovak economy.
Key Facts
- The base year for the Slovak Clothing and Footwear CPI is 2015.
- Clothing and Footwear account for around 4% of the overall Slovak CPI basket.
- The Clothing and Footwear CPI has shown moderate annual increases in recent years.
FAQs
Q: What does this economic trend measure?
A: The Clothing and Footwear CPI measures changes in the prices of apparel, shoes, and related accessories purchased by consumers in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of inflationary pressures and consumer spending patterns within the Slovak economy.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and households in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess inflationary trends and consumer behavior, which informs economic and monetary policy decisions.
Q: Are there update delays or limitations?
A: There may be a lag of several weeks or months in the release of the latest Clothing and Footwear CPI data.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic (SVKCP030000CTGYM), retrieved from FRED.