Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Slovak Republic
SVKCP060000IXOBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
140.05
Year-over-Year Change
2.86%
Date Range
1/1/2002 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Health in Slovakia tracks changes in the prices of a basket of healthcare goods and services over time, providing insight into inflationary pressures and consumer purchasing power in the healthcare sector.
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 Health CPI for Slovakia is a component of the overall CPI, which measures changes in the average price level of consumer goods and services purchased by households. The Health CPI specifically focuses on tracking price movements for medical products, services, and equipment, offering valuable data for policymakers and analysts monitoring healthcare costs and affordability.
Methodology
The data is collected through regular surveying of retail prices by the Statistical Office of the Slovak Republic.
Historical Context
The Health CPI is used by central banks, government agencies, and economists to assess inflation and make informed policy decisions.
Key Facts
- The Health CPI for Slovakia has a base year of 1999.
- The index covers a wide range of healthcare goods and services, including medications, medical equipment, and hospital services.
- Slovakia's Health CPI is part of the Harmonized Index of Consumer Prices (HICP), a standardized measure used across the European Union.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Health in Slovakia tracks changes in the prices of a basket of healthcare goods and services, providing insight into inflation and consumer purchasing power in the healthcare sector.
Q: Why is this trend relevant for users or analysts?
A: The Health CPI offers valuable data for policymakers, central banks, and economists to assess healthcare affordability and make informed decisions about economic and healthcare policies.
Q: How is this data collected or calculated?
A: The data is collected through regular surveying of retail prices by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The Health CPI is used by central banks, government agencies, and economists to assess inflation and make informed policy decisions regarding healthcare costs and affordability.
Q: Are there update delays or limitations?
A: The Health CPI for Slovakia is published regularly by the Statistical Office of the Slovak Republic, with occasional delays due to the time required for data collection and analysis.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Health for Slovak Republic (SVKCP060000IXOBM), retrieved from FRED.