Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Services Less Housing for Slovak Republic
SVKCPGRLH01GYM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6.61
Year-over-Year Change
15.75%
Date Range
1/1/1999 - 3/1/2025
Summary
The Consumer Price Index (CPI) for Services Less Housing in Slovakia measures changes in the prices of services, excluding housing costs, for Slovak consumers. This metric is a key indicator of inflation and consumer spending trends.
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 CPI for Services Less Housing in Slovakia tracks the prices of a basket of consumer services, such as transportation, healthcare, and recreation, excluding housing-related costs like rent and utilities. This index is used by economists and policymakers to assess the overall cost of living and inflationary pressures in the Slovak economy.
Methodology
The Slovak Statistical Office collects price data from a sample of retail establishments and service providers to calculate the CPI.
Historical Context
The CPI for Services Less Housing is an important input for the Slovak central bank's monetary policy decisions.
Key Facts
- The base year for the Slovak CPI for Services Less Housing is 2015.
- This index excludes housing-related costs like rent and utilities.
- The CPI for Services Less Housing is published monthly by the Slovak Statistical Office.
FAQs
Q: What does this economic trend measure?
A: The Consumer Price Index (CPI) for Services Less Housing in Slovakia measures changes in the prices of consumer services, excluding housing costs, over time.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of inflationary pressures and consumer spending patterns in the Slovak economy, excluding the influence of housing costs.
Q: How is this data collected or calculated?
A: The Slovak Statistical Office collects price data from a sample of retail establishments and service providers to calculate the CPI for Services Less Housing.
Q: How is this trend used in economic policy?
A: The CPI for Services Less Housing is an input for the Slovak central bank's monetary policy decisions, as it helps assess overall inflationary pressures in the economy.
Q: Are there update delays or limitations?
A: The CPI for Services Less Housing 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: Services Less Housing for Slovak Republic (SVKCPGRLH01GYM), retrieved from FRED.