Consumer Price Index: Health (COICOP 06): Total for Slovak Republic
Quarterly
SVKCP060000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
276.33
Year-over-Year Change
18.21%
Date Range
1/1/2002 - 7/1/2023
Summary
The Quarterly Trend measures changes in total compensation per hour for all civilian workers in the United States. It is a key economic indicator used by policymakers to assess labor market conditions and inflationary pressures.
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 Quarterly Trend tracks total hourly compensation, including wages and benefits, for the overall civilian workforce. It provides insights into labor productivity, labor costs, and potential inflationary trends in the economy.
Methodology
The data is collected through the U.S. Bureau of Labor Statistics' Employment Cost Index survey.
Historical Context
The Quarterly Trend informs Federal Reserve monetary policy decisions and analyses of the overall state of the U.S. economy.
Key Facts
- The Quarterly Trend is released by the U.S. Bureau of Labor Statistics on a quarterly basis.
- It measures changes in total compensation, including wages and benefits, for all civilian workers.
- The Quarterly Trend is a key input for the Federal Reserve's monetary policy decisions.
FAQs
Q: What does this economic trend measure?
A: The Quarterly Trend measures changes in total compensation per hour for all civilian workers in the United States.
Q: Why is this trend relevant for users or analysts?
A: The Quarterly Trend provides insights into labor productivity, labor costs, and potential inflationary pressures in the economy, making it a key indicator used by policymakers and analysts.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Bureau of Labor Statistics' Employment Cost Index survey.
Q: How is this trend used in economic policy?
A: The Quarterly Trend informs Federal Reserve monetary policy decisions and analyses of the overall state of the U.S. economy.
Q: Are there update delays or limitations?
A: The Quarterly Trend is released by the U.S. Bureau of Labor Statistics on a quarterly basis, with a slight delay to allow for data collection and analysis.
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Citation
U.S. Federal Reserve, Quarterly (SVKCP060000IXNBQ), retrieved from FRED.