Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Slovak Republic
SVKCP070000IXOBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
137.61
Year-over-Year Change
14.91%
Date Range
1/1/2002 - 1/1/2025
Summary
The Consumer Price Index (CPI) for Transport in Slovakia measures changes in the prices of transportation-related goods and services. This key economic indicator helps policymakers and analysts assess inflationary pressures and the cost of living.
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 Transport CPI for Slovakia is a component of the overall Consumer Price Index, which tracks the average change in prices paid by consumers for a basket of goods and services. The Transport CPI specifically focuses on the costs associated with private and public transportation.
Methodology
The data is collected by the Statistical Office of the Slovak Republic through surveys of consumer expenditures.
Historical Context
The Transport CPI is used to inform monetary policy decisions and analyze consumer spending trends.
Key Facts
- The base year for the Slovak Transport CPI is 2015.
- Transport accounts for approximately 15% of the total Slovak CPI basket.
- The Transport CPI has increased by 10% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Transport CPI for Slovakia measures changes in the prices of goods and services related to private and public transportation, including fuel, vehicles, public transit, and other mobility-related costs.
Q: Why is this trend relevant for users or analysts?
A: The Transport CPI is an important indicator of inflationary pressures and the cost of living, as transportation is a significant expenditure for most households. It helps policymakers and economists assess the broader economic environment.
Q: How is this data collected or calculated?
A: The data is collected by the Statistical Office of the Slovak Republic through surveys of consumer expenditures and price quotes.
Q: How is this trend used in economic policy?
A: The Transport CPI is used by the National Bank of Slovakia and other policymakers to monitor inflationary trends and make informed decisions about monetary policy and other economic interventions.
Q: Are there update delays or limitations?
A: The Transport CPI for Slovakia is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Transport for Slovak Republic (SVKCP070000IXOBQ), retrieved from FRED.