Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Slovak Republic
SVKCPGRHO02GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.32
Year-over-Year Change
-3.06%
Date Range
2/1/1997 - 11/1/2023
Summary
The Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Slovak Republic measures the change in housing costs, excluding imputed rents, for consumers in Slovakia. This metric provides insights into housing affordability and inflationary pressures in the Slovak economy.
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
This economic indicator tracks the price changes for a basket of housing-related goods and services, excluding imputed rental costs, in Slovakia. It is used by policymakers and analysts to assess the underlying trends in housing affordability and the broader cost of living for consumers.
Methodology
The data is collected through a nationwide survey of consumer prices and expenditures.
Historical Context
This index is a key input for the Slovak government and the European Central Bank in evaluating economic conditions and formulating appropriate monetary and fiscal policies.
Key Facts
- The index base year is 2015.
- Housing costs account for over 20% of the consumer price index in Slovakia.
- The index has shown moderate inflation in housing prices in recent years.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the change in housing costs, excluding imputed rents, for consumers in Slovakia. It provides insights into housing affordability and inflationary pressures in the Slovak economy.
Q: Why is this trend relevant for users or analysts?
A: This index is a key input for policymakers and analysts in evaluating economic conditions and formulating appropriate monetary and fiscal policies in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through a nationwide survey of consumer prices and expenditures.
Q: How is this trend used in economic policy?
A: The Slovak government and the European Central Bank use this index to assess the underlying trends in housing affordability and the broader cost of living for consumers.
Q: Are there update delays or limitations?
A: The index is updated regularly by the data provider, with minimal publication delays.
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Citation
U.S. Federal Reserve, Consumer Price Index: OECD Groups: Housing: Housing Excluding Imputed Rentals for Housing for Slovak Republic (SVKCPGRHO02GPM), retrieved from FRED.