Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Clothing and Footwear for Slovak Republic
SVKCP030000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122.47
Year-over-Year Change
3.20%
Date Range
1/1/2002 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Clothing and Footwear in the Slovak Republic measures the change in prices for a basket of consumer goods in this category over time, providing insight into inflationary 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 subcategory of the broader Consumer Price Index, which tracks changes in the prices paid by consumers for a representative basket of goods and services. This data is used by economists and policymakers to assess the overall cost of living and inflationary pressures in the Slovak economy.
Methodology
The data is collected through surveys of retail prices across the country.
Historical Context
The Clothing and Footwear CPI is a key input for monetary and fiscal policy decisions in the Slovak Republic.
Key Facts
- The Clothing and Footwear CPI is a subcomponent of the broader Slovak CPI.
- Clothing and Footwear account for approximately 4% of the total Slovak consumer basket.
- Prices in this category have risen by an average of 2.5% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Clothing and Footwear in the Slovak Republic measures the change in prices for a basket of consumer goods in this category over time.
Q: Why is this trend relevant for users or analysts?
A: The Clothing and Footwear CPI provides insight into inflationary pressures and the overall cost of living in the Slovak economy, which is a key input for monetary and fiscal policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail prices across the country.
Q: How is this trend used in economic policy?
A: The Clothing and Footwear CPI is a key input for monetary and fiscal policy decisions in the Slovak Republic.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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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 (SVKCP030000IXOBM), retrieved from FRED.