Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic
SVKCP030000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.77
Year-over-Year Change
116.52%
Date Range
1/1/2003 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in the Slovak Republic measures the changes in the prices of consumer goods and services related to clothing and footwear. This economic indicator is crucial for understanding inflation and the cost of living in the country.
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 CPI for Clothing and Footwear in the Slovak Republic is a subcomponent of the broader Consumer Price Index, which tracks the changes in the prices of a basket of consumer goods and services. This specific index focuses on the costs associated with purchasing and maintaining clothing and footwear, providing valuable insights into the inflationary pressures facing Slovak households.
Methodology
The data is collected by the Statistical Office of the Slovak Republic through regular surveys of retail prices.
Historical Context
Policymakers and economists use this index to assess the overall cost of living and make informed decisions regarding economic policies.
Key Facts
- The CPI for Clothing and Footwear in the Slovak Republic is a subcomponent of the broader Consumer Price Index.
- This index provides insights into the inflationary pressures facing Slovak households regarding the cost of clothing and footwear.
- Policymakers and economists use this index to assess the overall cost of living and make informed decisions regarding economic policies.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in the Slovak Republic measures the changes in the prices of consumer goods and services related to clothing and footwear.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into the inflationary pressures facing Slovak households, which is crucial for understanding the overall cost of living and making informed economic decisions.
Q: How is this data collected or calculated?
A: The data is collected by the Statistical Office of the Slovak Republic through regular surveys of retail prices.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the overall cost of living and make informed decisions regarding economic policies, such as monetary policy and cost-of-living adjustments.
Q: Are there update delays or limitations?
A: The data is published regularly by the Statistical Office of the Slovak Republic, but there may be some update delays or limitations due to the nature of data collection and reporting.
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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 (SVKCP030000GYQ), retrieved from FRED.