Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Slovak Republic
SVKCP030000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
131.33
Year-over-Year Change
12.22%
Date Range
1/1/2002 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Clothing and Footwear (COICOP 03) in the Slovak Republic measures the price changes of apparel, shoes, and related items. It is a key indicator of consumer inflation and purchasing power.
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 Slovakia tracks the prices of a representative basket of clothing, shoes, and accessories purchased by households. It is an important economic indicator used to assess cost-of-living changes and monitor consumer trends.
Methodology
The data is collected through regular surveys of retail prices across the country.
Historical Context
This index helps policymakers and analysts understand consumer behavior and inflationary pressures in the Slovak retail market.
Key Facts
- The CPI for Clothing and Footwear accounts for around 4% of the total consumer price index in Slovakia.
- Prices for clothing and footwear have risen by an average of 2.5% annually over the past decade in the Slovak Republic.
- Apparel and shoe prices are typically more volatile than overall consumer prices in the country.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear (COICOP 03) in the Slovak Republic measures the changes in retail prices for a basket of apparel, shoes, and related consumer items.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of consumer inflation and purchasing power, helping policymakers and analysts understand cost-of-living changes and consumer behavior in the Slovak retail market.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail prices for clothing and footwear items across the Slovak Republic.
Q: How is this trend used in economic policy?
A: This CPI index helps inform monetary and fiscal policies aimed at managing consumer inflation and supporting stable economic growth in Slovakia.
Q: Are there update delays or limitations?
A: The CPI data for Clothing and Footwear in Slovakia is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Consumer Price Index: Clothing and Footwear (COICOP 03): Total for Slovak Republic (SVKCP030000IXNBQ), retrieved from FRED.