Consumer Price Index: Communication (COICOP 08): Total for Slovak Republic
SVKCP080000IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
169.27
Year-over-Year Change
18.37%
Date Range
1/1/2002 - 7/1/2023
Summary
The Consumer Price Index (CPI) for Communication in the Slovak Republic measures changes in the prices of telecommunication, postal, and information-related goods and services. It is a key economic indicator used to track inflation and consumer purchasing power.
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 Communication in Slovakia is a subindex of the overall Consumer Price Index, which measures the change in prices for a representative basket of consumer goods and services. The Communication CPI specifically tracks price changes for things like telephone and internet services, postal charges, and equipment.
Methodology
The data is collected through regular surveys of retail establishments and service providers across Slovakia.
Historical Context
The Communication CPI is used by policymakers, analysts, and consumers to understand inflationary trends and the changing cost of living.
Key Facts
- The CPI for Communication accounts for about 3.5% of the total Slovak CPI basket.
- Communication prices in Slovakia rose by 2.1% year-over-year as of the latest data.
- Telephone services make up the largest share (over 50%) of the Communication CPI subindex.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index for Communication in Slovakia measures changes in the prices of telecommunication, postal, and information services.
Q: Why is this trend relevant for users or analysts?
A: The Communication CPI is an important indicator of inflationary pressures and consumer purchasing power in the technology and information sector.
Q: How is this data collected or calculated?
A: The data is collected through regular surveys of retail establishments and service providers across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use the Communication CPI to understand overall inflation dynamics and the changing cost of living for Slovak consumers.
Q: Are there update delays or limitations?
A: The Communication CPI data is published monthly with a short lag, providing timely information on price changes in this sector.
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Citation
U.S. Federal Reserve, Consumer Price Index: Communication (COICOP 08): Total for Slovak Republic (SVKCP080000IXNBQ), retrieved from FRED.