Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Slovak Republic
SVKCP100000CTGYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.17
Year-over-Year Change
1.02%
Date Range
1/1/2010 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Education in Slovakia measures the inflation rate for educational goods and services. This key economic indicator provides insight into price changes and trends in the education 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 Education CPI tracks the prices of various educational items and services, such as tuition fees, school supplies, and extracurricular activities. It is an important measure for understanding the cost of living and purchasing power related to education in Slovakia.
Methodology
The CPI data is collected through regular surveys of consumers and businesses by the Slovak Statistical Office.
Historical Context
Education CPI data is used by policymakers, economists, and households to analyze inflation and make informed decisions.
Key Facts
- The Education CPI is a subcomponent of the overall Slovak Consumer Price Index.
- Education accounts for approximately 3% of the total Slovak CPI basket.
- The Education CPI is published monthly by the Slovak Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Education CPI for Slovakia measures the changes in prices for educational goods and services, including tuition, school supplies, and other education-related costs.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI is an important indicator for understanding the cost of living and purchasing power related to education in Slovakia, which is crucial for policymakers, economists, and households.
Q: How is this data collected or calculated?
A: The CPI data is collected through regular surveys of consumers and businesses by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Education CPI data is used by policymakers, economists, and households to analyze inflation and make informed decisions about education-related spending and policies.
Q: Are there update delays or limitations?
A: The Education CPI is published monthly by the Slovak Statistical Office with no significant update delays.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Education for Slovak Republic (SVKCP100000CTGYM), retrieved from FRED.