Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Slovak Republic
SVKCPHP0700GPM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.00
Year-over-Year Change
-266.67%
Date Range
2/1/1996 - 11/1/2023
Summary
The Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Slovak Republic measures the change in prices for transportation-related goods and services in Slovakia. This metric is a key indicator of consumer inflation and purchasing power.
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) is a widely-used measure of inflation that tracks the prices of a basket of consumer goods and services. The Transport CPI specifically focuses on the prices related to transportation, such as vehicle purchases, fuel, and public transit fares. This data helps economists and policymakers understand changes in the cost of living and transportation affordability.
Methodology
The data is collected through a survey of households and retail establishments across Slovakia.
Historical Context
Policymakers use this transport-specific CPI data to assess inflationary pressures and make adjustments to monetary or fiscal policies.
Key Facts
- The base year for this CPI series is 2015.
- Prices are harmonized across EU countries for comparability.
- Transportation accounts for about 15% of the consumer price basket in Slovakia.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the prices of transportation-related goods and services in Slovakia, including vehicle purchases, fuel, and public transit fares.
Q: Why is this trend relevant for users or analysts?
A: The transport CPI is a key metric for understanding consumer inflation and the cost of living, which is relevant for policymakers, businesses, and households.
Q: How is this data collected or calculated?
A: The data is collected through a survey of households and retail establishments across Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers use this transport-specific CPI data to assess inflationary pressures and make adjustments to monetary or fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Consumer Price Index: Harmonized Prices: Transport (COICOP 07): Total for Slovak Republic (SVKCPHP0700GPM), retrieved from FRED.