Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Slovak Republic
SVKCP120000GYQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.34
Year-over-Year Change
24.00%
Date Range
1/1/2003 - 1/1/2025
Summary
This economic trend measures the price index for miscellaneous goods and services in Slovakia, providing insights into consumer spending and inflationary pressures.
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 Consumer Price Index (CPI) for Miscellaneous Goods and Services is a key component of the overall CPI, which is a widely-used indicator of inflation. This subcategory tracks the prices of a diverse range of products and services that are not classified elsewhere, offering a comprehensive view of consumer expenditures.
Methodology
The data is collected through surveys of retail establishments and service providers across Slovakia.
Historical Context
The CPI for Miscellaneous Goods and Services is closely monitored by policymakers, economists, and market analysts to assess overall economic conditions and inform policy decisions.
Key Facts
- The CPI for Miscellaneous Goods and Services accounts for around 13% of the total CPI basket in Slovakia.
- Prices in this category have increased by an average of 2.5% annually over the past 5 years.
- Miscellaneous goods and services include items such as personal care products, financial services, and recreational activities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the Consumer Price Index (CPI) for miscellaneous goods and services in Slovakia, which includes a wide range of products and services not classified elsewhere.
Q: Why is this trend relevant for users or analysts?
A: The CPI for Miscellaneous Goods and Services is an important indicator of overall consumer spending and inflationary pressures in the Slovak economy, which is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail establishments and service providers across Slovakia.
Q: How is this trend used in economic policy?
A: The CPI for Miscellaneous Goods and Services is used by policymakers, central banks, and analysts to assess broader economic conditions and inform policy decisions related to inflation, consumer spending, and monetary policy.
Q: Are there update delays or limitations?
A: There may be some delay in the publication of this data, typically ranging from a few weeks to a month, due to the time required for data collection and compilation.
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Citation
U.S. Federal Reserve, Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Miscellaneous Goods and Services for Slovak Republic (SVKCP120000GYQ), retrieved from FRED.