Consumer Price Index: All Items: Total for Slovak Republic
Index source base
SVKCPALTT01IXNBQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
227.93
Year-over-Year Change
28.92%
Date Range
1/1/1991 - 7/1/2023
Summary
The Index Source Base measures the reference period used in the calculation of certain economic indexes. It is an important metric for interpreting and comparing different indexes over time.
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 Index Source Base represents the time period that serves as the reference point for the calculation of an economic index, such as the Consumer Price Index or the Producer Price Index. It allows for consistent comparison of index values across different base years.
Methodology
The Index Source Base is determined by the statistical agency responsible for calculating the underlying economic index.
Historical Context
The Index Source Base is a critical factor in the interpretation of economic trends and policy decisions.
Key Facts
- The Index Source Base is expressed as a year or month/year.
- Changing the Index Source Base can affect the interpretation of index values over time.
- The Index Source Base is used to adjust for inflation and compare economic data across different time periods.
FAQs
Q: What does this economic trend measure?
A: The Index Source Base measures the reference period used in the calculation of economic indexes, such as the Consumer Price Index and Producer Price Index.
Q: Why is this trend relevant for users or analysts?
A: The Index Source Base is crucial for interpreting and comparing economic indexes over time, as it allows for consistent analysis of price and output trends.
Q: How is this data collected or calculated?
A: The Index Source Base is determined by the statistical agency responsible for calculating the underlying economic index.
Q: How is this trend used in economic policy?
A: The Index Source Base is a key factor in the interpretation of economic trends and the formulation of monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The Index Source Base is updated as needed by the statistical agencies, and may be subject to revisions as economic conditions change.
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Citation
U.S. Federal Reserve, Index Source Base (SVKCPALTT01IXNBQ), retrieved from FRED.