Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings for Slovak Republic
SVKCPHP0403GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.50
Year-over-Year Change
-68.75%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices for Housing, Water, Electricity, Gas and Other Fuels in Slovakia measures changes in the cost of maintaining and repairing residential dwellings. This metric is crucial for understanding inflationary pressures in the housing sector.
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 index tracks price movements for maintenance, repair, and other services related to the upkeep of private homes and apartments in Slovakia. It is an important indicator of housing affordability and is used by policymakers to assess the overall cost of living.
Methodology
The data is collected through regular household surveys and price observations by the Slovak Statistical Office.
Historical Context
Trends in this index are closely monitored by the European Central Bank and other institutions to inform macroeconomic policy decisions.
Key Facts
- Housing maintenance and repair costs make up approximately 3.5% of the consumer price index in Slovakia.
- Prices in this index have increased by an average of 2.7% annually over the past 5 years.
- The index reached its highest point on record in 2022.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of maintenance, repair, and other services related to the upkeep of private homes and apartments in Slovakia.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding inflationary pressures in the housing sector and assessing the overall cost of living in Slovakia.
Q: How is this data collected or calculated?
A: The data is collected through regular household surveys and price observations by the Slovak Statistical Office.
Q: How is this trend used in economic policy?
A: Trends in this index are closely monitored by the European Central Bank and other institutions to inform macroeconomic policy decisions.
Q: Are there update delays or limitations?
A: The index is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Maintenance and Repairs of the Dwellings for Slovak Republic (SVKCPHP0403GPM), retrieved from FRED.