Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Slovak Republic
SVKCP040500GPQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-0.52
Year-over-Year Change
-2067.88%
Date Range
4/1/1995 - 7/1/2023
Summary
This economic trend measures the Consumer Price Index (CPI) for housing-related utilities like electricity, gas, and other fuels in Slovakia. It provides important insights into a key component of consumer inflation.
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 electricity, gas, and other fuels in Slovakia is a sub-index of the overall CPI, which tracks changes in the prices paid by consumers for a representative basket of goods and services. This metric is closely watched by policymakers and analysts to understand inflationary pressures and guide monetary policy decisions.
Methodology
The data is collected through surveys of consumer prices by the Statistical Office of the Slovak Republic.
Historical Context
This CPI data is used to monitor and manage inflation targets set by the European Central Bank.
Key Facts
- The base year for this CPI series is 2015.
- Electricity, gas, and other fuels account for around 5% of the Slovak consumer price basket.
- This CPI metric is seasonally adjusted.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Consumer Price Index (CPI) for housing-related utilities like electricity, gas, and other fuels in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This CPI data provides important insights into a key component of consumer inflation, which is closely watched by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of consumer prices by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: This CPI data is used to monitor and manage inflation targets set by the European Central Bank.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Electricity, Gas and Other Fuels: Total for Slovak Republic (SVKCP040500GPQ), retrieved from FRED.