Consumer Price Index: Education (COICOP 10): Total for Slovak Republic
SVKCP100000IXNBM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
438.90
Year-over-Year Change
14.81%
Date Range
1/1/2002 - 11/1/2023
Summary
The Consumer Price Index: Education (COICOP 10): Total for Slovak Republic tracks changes in education costs for consumers in Slovakia over time. It is a key indicator of inflation and cost-of-living pressures faced by households.
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 for Slovakia measures the prices of goods and services related to education, including tuition, books, supplies, and other education-related expenses. It is a component of the overall Consumer Price Index and provides important insights into education affordability and access.
Methodology
The data is collected through surveys of households and businesses by the Statistical Office of the Slovak Republic.
Historical Context
The Education CPI is used by policymakers, central banks, and market analysts to assess economic conditions and the impact of inflation on standards of living.
Key Facts
- The base year for the Education CPI in Slovakia is 2015.
- Education costs account for approximately 2% of the total consumer basket in Slovakia.
- Prices for education-related goods and services have risen faster than the overall inflation rate in Slovakia in recent years.
FAQs
Q: What does this economic trend measure?
A: The Education CPI for Slovakia measures the prices of goods and services related to education, including tuition, books, supplies, and other education-related expenses.
Q: Why is this trend relevant for users or analysts?
A: The Education CPI provides important insights into education affordability and access, which are crucial factors for households, policymakers, and analysts in understanding the overall cost of living and economic conditions in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through surveys of households and businesses by the Statistical Office of the Slovak Republic.
Q: How is this trend used in economic policy?
A: The Education CPI is used by policymakers, central banks, and market analysts to assess economic conditions and the impact of inflation on standards of living in Slovakia.
Q: Are there update delays or limitations?
A: The Education CPI for Slovakia is published monthly with a typical delay of 2-3 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Consumer Price Index: Education (COICOP 10): Total for Slovak Republic (SVKCP100000IXNBM), retrieved from FRED.